Egypt’s Suez Canal Bank elects new board
The general assembly of Egypt’s Suez Canal Bank has elected on Sunday a new board of directors for a three-year…
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Arab International Bank
Arab International Bank Plans Offering Banking Services in EGP by Q1
The Arab International Bank (AIB) is aiming to start offering banking services in local currency (Egyptian pound)…
Arab International Bank’s Deposits Drop 44.5% In 2012
The Arab International Bank’s (AIB) deposits fell US$ 735.8 million (44.5%) to reach US$ 1.650 billion at the end…
Crowell & Moring Advises ADIB Egypt On Landmark Islamic Finance Deal
In a first-of-its-kind transaction in post-revolution Egypt, Crowell & Moring’s Cairo office has advised the…
Arab International Bank To Start Dealing In Egypt Pound In H2
The Arab International Bank (AIB) is in the final organizational stages to start conducting transactions in…
5 Banks Consider Financing Ethydco’s Electrical Plant
Banque Misr, Arab International Bank, Bank Audi Egypt, Faisal Islamic Bank of Egypt and Alex Bank Intesa Sanpaolo…
Arab International Bank’s Foreign Currency Rating Lowered Following Egypt Sovereign…
Capital Intelligence (CI), the international credit rating agency, announced that it has downgraded Arab…
Al Baraka Likely To Contribute US$ 30 Mln To Ethylene Loan
Al Baraka Bank of Egypt targets to contribute US$ 30 million to the US$ 1.250 billion loan arranged by the…
Faisal Contributes US$ 50 Mln To Islamic Segment Of Ethylene Loan
The National Bank of Egypt (NBE), Banque Misr, Commercial International Bank (CIB), Banque Du Caire and Arab…
Ethylene Loan Arrangers Signed Final Loan Agreement
A consortium composed of the National Bank of Egypt (NBE), Banque Misr, Banque Du Caire, Commercial International…
NBE Asks Banks To Contribute US$200 Mln To Loan For Ethylene
The National Bank of Egypt (NBE) plans to ask other banks to contribute US$ 200 million to the loan which will be…
Ethylene Loan Arrangers Sign Loan Agreement Today
The five banks, which arranged the long-term US$ 1.250 billion loan for the Egyptian Company for Ethylene, will…
AIB To Conduct Egyptian-Currency Transactions By Jan. 2013
The Arab International Bank (AIB) targets to conduct Egyptian currency transactions by the beginning of the next…
Loan To Suez Steel Up By US$ 100 Mln
Five banks have provided Suez Steel Company with credit facilities of US$ 100 million to which Arab African…
CBE Takes Control Over AIB
Central Bank of Egypt (CBE) announced that Arab International Bank's (AIB) Extraordinary General Assembly approved…
Egyptian for Ethylene receives $240m loan
National Bank of Egypt, Banque Misr and Banque Du Caire approved a bridge loan to Egyptian Company for Ethylene in…
“Takaful” eyes1.5 m from the new products
Egyptian Takaful Insurance Company “Property” targets achieving EGP 1.5 million in installments in the first phase…