Egypt launches EGP 1bn fund to revive struggling factories
Egypt’s central bank and industry ministry launched a 1 billion Egyptian pound ($19.1 million) fund on Thursday to…
Browsing Tag
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 mostly stable vs USD in early Wednesday trade
The Egyptian pound (EGP) was mostly stable against the US dollar (USD) in early trading on Wednesday, January 08,…
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…
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…
Dollar exchange steady at Egypt’s major banks
The US dollar exchange rate was flat during Wednesday's transactions at Egypt's major banks.
Get to know Hassan Abdalla Egypt’s acting central bank governor
Hassan Abdalla, an Egyptian banker with over 30 years of experience in the financial industry and former chief…
Egypt’s Arab African International Bank says net profit jumped 70.7% in 2021
Egypt's first Arab multinational bank Arab African International Bank (AAIB) reported on Monday a 70.7 percent…
SODIC signs EGP1.57 bln credit facility with Banque Misr, AAIB
Egypt’s property developer SODIC signed on Thursday a long-term credit facility of 1.57 billion Egyptian pounds…
Arab African International Bank first-half profit 13.4% up, assets hit $14 billion
Egypt’s Arab African International Bank (AAIB) reported on Saturday over 13 percent year-on-year growth in profit…
Four Egyptian banks back SODIC unit’s first securitisation bond issuance
A banking consortium has supported SODIC’s latest securitisation bond programme with a total investment of 343…
Egypt’s SODIC unit closes its first EGP 343 million securitisation bond issuance
Egypt’s property developer SODIC announced on Tuesday that it had closed its first securitisation bond issuance…
Libra Capital signs EGP 200 million loan with AAIB
Libra Capital, part of Cairo-based infrastructure investment firm Enara Group, said on Wednesday it signed an…
Egypt’s Redcon gets an EGP 2.7bn loan from AAIB to complete project at New Alamein
The Arab African International Bank (AAIB) signed on Thursday a contract with Redcon Development Company to provide…
Key global currencies rates in Egyptian banks on October 5
Amwal Al Ghad on Monday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound…
Premium Card unveils successful closing of its third securitisation bond issuance
Premium International for Credit Services (Premium Card) announced on Monday the third issuance of its two-year…
Key global currencies rates in Egyptian banks on 30 August
Amwal Al Ghad on Sunday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound…
Key global currencies rates in Egyptian banks on 11 August
Amwal Al Ghad on Tuesday demonstrates the exchange rates of key global currencies; U.S. dollar, Kuwaiti dinar, and…
Arab African International Bank buys 12 % stake in Palm Hills
Arab African International Bank (AAIB) has purchased a 12.25 percent stake in Palm Hills Developments (PHD) for…
Exclusive: Shares of banks in Egypt’s Madinet Nasr for Housing loan
A consortium of three banks agreed on Thursday to provide Egypt’s Madinet Nasr for Housing and Development (MNHD) a…
Key global currencies rates in Egyptian banks on 4 April
Amwal Al Ghad on Saturday demonstrates the exchange rates of key global currencies; U.S. dollar, Kuwaiti dinar, and…
Key global currencies rates in Egyptian banks on 25 Jan.
Amwal Al Ghad on Saturday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound…
AAIB grants EGP 200m loan to Premium International
Arab African International Bank (AAIB) has provided Premium International for Credit Services 200 million Egyptian…
Key global currencies rates in Egyptian banks on 8 Jan.
Amwal Al Ghad on Wednesday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound…
Egypt’s AAIB sign EBRD, AFD $30 mln green loan deals
Egypt’s Arab African International Bank (AAIB) signed on Tuesday loan agreements totalling $30 million with the…
Arab African International Bank posts profits rise of 4 % in 9 months
Arab African International Bank’s (AAIB), an international bank based in Egypt, has posted an increase in profits…
Egypt’s AAIB bank net profit falls 2.4%, hit by tech-upgrade costs
Egypt's Arab African International Bank (AAIB) posted on Wednesday a 2.4 percent decline in first-half net profit…
Arab African Int’l Leasing signs leasing contracts of EGP1.4 bln in H1 2019
The Arab African International Leasing (AAIL), affiliate of Arab African International Bank has signed deals of 1.4…
AAIB bank completes the biggest securitization transaction in Egypt
Egypt’s Arab African International Bank (AAIB) said on Thursday it had completed a securitisation transaction worth…
AAIB signs a syndicated loan for a new mall by Marakez
Arab African International Bank along with Banque Misr and Banque Du Caire have arranged a Syndicated Long Term…
AAIB bank, Maison Pyramide partnership allows Egyptian young designers shine globally
Egypt’s Arab African International Bank (AAIB) partnered with Maison Pyramide (MP), global platform that incubates…
AAIB says 5-year AUC Venture Lab pact backed 150 Egyptian startups
Collaboration between the Arab African International Bank (AAIB) and AUC Venture Lab (V-Lab) has resulted in…
Egypt’s AAIMF unveils mortgage funding of $11.1 mln until Q3
Egypt’s Arab African International Mortgage Finance (AAIMF) says it had provided funding totalling 200 million…