Urgent: Sisi extends c. bank’s governor term for additional year
Egypt’s President Abdel Fattah al-Sisi has extended the tenure of Hassan Abdullah as governor of the Central Bank…
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Arab African International Bank (AAIB)
Arab African International Bank is a Joint Venture between the Central Bank of Egypt (CBE) and Kuwait Investment Authority (KIA). With each party holding a 49.37% stake, the Central Bank of Egypt and the Kuwait Investment Authority are the core of AAIB’s shareholder base.
EGP gains slight ground against USD on Monday
The Egyptian Pound (EGP) experienced a slight appreciation against the US Dollar (USD) at the opening of trading on…
EGP nudges up against USD in early Tuesday trade
The Egyptian Pound (EGP) increased against the US Dollar (USD) at the start of trading on Tuesday, July 23, 2024.
EGP down against USD in early Thursday trade
The Egyptian Pound (EGP) depreciated against the US Dollar (USD) as trading began on Thursday, June 27, 2024.
Egyptian pound vs dollar at midday trade on Tuesday
The Egyptian pound (EGP) witnessed slight fluctuations against the US Dollar (USD) during the midday trading on…
Egypt’s banks raise credit card limits for intl. use
Several Egyptian banks have adjusted their credit card withdrawal and purchase limits for international…
Egypt’s AAIB raises limits of intl. credit card transactions
Egypt’s Arab African International Bank (AAIB) announced the increase in limits of all credit card transactions…
Egypt’s SCZone aims to borrow EGP 30bn for green hydrogen projects – sources
The General Authority of Suez Canal Economic Zone (SCZone) seeks to lend 30 billion Egyptian pounds from a…
Arab African International Bank first-half net profit reaches $106.1mln
The African Arab International Bank (AAIB) has achieved a net profit of $106.1 million in the first half of 2023,…
Egypt’s c.bank picks Tamer Waheed to join AAIB board
Egypt’s central bank has picked Egyptian banker Tamer Waheed on Sunday to join the Arab African International…
