EBRD backs Africa’s largest wind farm in Egypt
The European Bank for Reconstruction and Development (EBRD) has arranged a $275 million syndicated loan to support…
Browsing Tag
Arab Bank
CBE mourns prominent bankers Hatem Sadiq, Gamal Muharram
With deep regret and sorrow, Mr. Hassan Abdullah, Governor of the Central Bank of Egypt, and his deputies mourn the…
Arab Bank signs EGP 4.2 bln deal to fund Greater Cairo Metro
The Arab Bank signed a 4.2 billion Egyptian pounds cooperation agreement with Orascom Construction Company for…
Saudi ACWA Power secures $123 mln to construct solar project in Egypt
Saudi Arabian utility developer ACWA Power announced on Wednesday that it has successfully secured a $123 million…
ABK-Egypt Bank joins Instant Payment Network ‘InstaPay’
Egypt’s Al Ahli Bank of Kuwait (ABK) has joined the InstaPay mobile application, which allow clients to process…
Arab Bank launches its fintech accelerating programme in Egypt
Jordan’s largest lender, Arab Bank Group, announced on Sunday it had recently launched its FinTech-focused…
Egypt names AAIB’s Hassan Abdalla as central bank senior aide governor: sources
Hassan Abdalla, chief executive of the Arab African International Bank (AAIB) has been appointed as the senior…
Egyptian foodmaker Edita says receives Arab Bank’s two medium term loans
Egyptian foodmaker Edita has announced on Wednesday that it received two medium term loans from Arab Bank totalling…
EMEA Finance names Arab Bank ‘Best Cash Management Services’ for 2016
Arab Bank recently received the Best Foreign Exchange and Best Cash Management services awards in the Middle East…
Arab Bank: H1 net profit hits $424.9 mln
Arab Bank Group registered first half net profit after taxes and provisions of $424.9 million, compared to $422.9…
7 banks, Dubai developer Majid Al Futtaim sign $281.6mn syndicated loan
A consortium of banks including seven banks inked a 2.5 billion Egyptian pounds ($281.6 million) syndicated loan…
UAE retailer Majid Al Futtaim inks $281.6mn loan for Egypt project
A banking consortium has signed Wednesday a 2.5 billion Egyptian pounds ($281.6 million) loan for Dubai-based…
Arab Bank named Best Trade Finance Bank in the Middle East’ for 2016
Arab Bank has received the Best Trade Finance Bank in the Middle East 2016 award from the globally renowned Global…
Arab Bank attains $615mn profits in nine months
The Arab Bank has achieved nine-month profits after taxes estimated at US$615.1 million versus US$614.2 million in…
Orascom Construction: Banks offer $1.95 billion for Egypt Power Station
Orascom Construction intends to raise US$1.95 billion in syndicated loans which will be used for the $3 billion…
Arab Bank Opens its 31st Branch in Egypt
Arab Bank has recently inaugurated a new branch, located in Egypt’s Sixth of October City, increasing total number…
Palm Hills Disburses EGP1.89bn from Syndicated Loan for Expansions
An official banking source in National Bank of Egypt (NBE) has informed Amwal Al Ghad that Palm Hills Development…
Banque Misr to Underwrite EGP600 million of Noran Sugar’s Islamic Finance
Banque Misr is set to underwrite EGP600 million of the EGP1.5 billion Shariah-compliant finance arranged for Noran…
SAIB Says to Inject EGP1.54 bln in SMEs within 2014
Société Arabe Internationale de Banque (SAIB) is planning to inject new finances worth EGP 1.5 billion in the SMEs…
With Participation of 12 Banks, SAIB Leads Arrangement of EGPC’s EGP2bn Loan
Société Arabe Internationale de Banque (SAIB) has signed on Tuesday the long-awaited agreement to arrange, manage…
Supplementary Agreement on Al-Futtaim’s EGP2bn Loan to Be Signed Next Jan.
In a new recent development regarding EGP 2 billion loan for Al-Futtaim Commercial & Administrative Centers SAE…
SAIB Pumps EGP200 mln in MAF’s Mall of Egypt Loan
Société Arabe Internationale de Banque (SAIB) has pumped on Sunday EGP 200 million as pursuant to the Dubai-based…
Nine Banks Sign MAf Definitive Loan Agreement Today
Nine banks will sign on Sunday the definitive agreement of the EGP 3 billion loan arranged for Majid Al Futtaim…
Arab Bank, EALB, Al Baraka Contribute EGP 500 Mln To MAF Loan
The Arab Bank, Egyptian Arab Land Bank (EALB) and Al Baraka Bank of Egypt have approved to contribute EGP 500…
Arab Bank Considers Contributing EGP 300 Mln To MAF Loan
The Arab Bank considers contributing EGP 300 million to the syndicated loan arranged by the National Bank of Egypt…
Banque Du Caire Conditions Loan To Al-Futtaim On Dispute Settlement
Banque Du Caire has given an initial approval to contribute with EGP 350 million to the loan destined to be offered…
Jordanian Arab Bank Launches New Housing Loan Campaign
Arab Bank has recently launched a new promotional campaign, the first of its kind in Jordan, under the title, 'Own…
Jordan’s Arab Bank Group Profit Surges To $204 Mln
Jordan-based Arab Bank Group posted a 10 percent rise in quarterly profit on Tuesday to $204 million, as revenues…
Exclusive: Seven Banks To Launch Dollar Certificates Tomorrow
Official sources informed Amwal Al Ghad that Central Bank of Egypt (CBE) - on behalf of Ministry of Finance –…
Exclusive: Details of First Egyptian Dollar Certificates Issued in Arab Countries
Official source told Amwal Al Ghad that Central Bank of Egypt (CBE) conducted intensive negotiations - on behalf of…