Banks Arab Investment Bank, Visa team up to boost e-payments in Egypt Nada Ali Aug 30, 2023 0 EFG Holding’s Arab Investment Bank (aiBANK) has entered into a long-term partnership agreement with Visa, to…
Money Egypt’s EFG Hermes becomes universal bank after aiBANK acquisition completion Amwal Al Ghad English Nov 21, 2021 0 Egypt’s EFG Hermes has officially become a universal bank after finalising its acquisition of a 51 percent stake in…
Money Egypt’s EFG Hermes eyeing minority stakes in startups after AIB acquisition deal Amwal Al Ghad English May 23, 2021 0 Egypt’s investment bank EFG Hermes Holding is targeting minority stakes in startups after its acquisition of a…
Money EFG Hermes: Arab Investment Bank valuation pegged at EGP 1.1 billion Amwal Al Ghad English Apr 15, 2021 0 EFG Hermes said on Wednesday that the Arab Investment Bank (aiBank) had been valued between 900 million Egyptian…
Money Value of Arab Investment Bank acquisition deal not determined yet: EFG Hermes Amwal Al Ghad English Mar 29, 2021 0 Investment bank, EFG Hermes said on Monday that the value of the acquisition deal of the Arab Investment Bank…
Featured EFG Hermes, Egypt Sovereign Fund reportedly to complete due diligence on AIB bank in Feb Amwal Al Ghad English Nov 23, 2020 0 EFG Hermes and the Sovereign Fund of Egypt (SFE) will complete due diligence on the Arab Investment Bank (AIB) by…
Money EFG Hermes, Egypt’s wealth fund to start due diligence on Arab Investment Bank Amwal Al Ghad English Jun 24, 2020 0 The Sovereign Fund of Egypt (TSFE) and EFG Hermes Holding to start due diligence on Arab Investment Bank (aiBANK)…
Banks Saudi Arabia’s Alhokair fully pays off Egypt mall loan Amwal Al Ghad English Oct 11, 2018 0 Marakez, a subsidiary of Saudi mall developer Fawaz Alhokair, has fully paid off a 2 billion Egyptian pound ($111.7…
Banks Saudi Arabia’s Alhokair seeks early repayment for Egypt mall loan Ahmed Ali Sep 16, 2018 0 Marakez, a subsidiary of Saudi Fawaz Alhokair Group, is in talks with seven banks on paying off around 1.6 billion…
Real Estate PACT Real estate secures EGP 120mn loan from Arab Investment Bank Amwal Al Ghad English Sep 16, 2018 0 Egypt's property developer PACT has recently acquired a loan from The Arab Investment Bank, at a total value of 120…
Banks Arab Investment Bank mulls injecting $ 1bln into SME projects aya salah Mar 1, 2018 0 State-run Arab Investment Bank seeks to pump one billion ($407 million) Egyptian pounds in favour of small and…
Banks Arab Investment Bank to establish mortgage unit with 100 mln pounds capital aya salah Feb 26, 2018 0 The Arab Investment Bank would establish a new mortgage company with capital between 50 million Egyptian pounds and…
Banks Arab Investment Bank aims to increase its loans portfolio to 15bln pounds aya salah Jan 21, 2018 0 The Arab Investment Bank aims to boost its loans portfolio to 15 billion Egyptian pounds by the end of 2018, up by…
Banks Egypt’s Arab Investment Bank 2017 net revenues grow 15% Yomna Yasser Dec 31, 2017 0 Egypt’s Arab Investment Bank (AiBK) says its full-year net revenue has grown 15 percent from a year ago, reaching…
Banks EXCLUSIVE: share of 9 banks in Egypt’s EGAS loan Yomna Yasser Apr 19, 2017 0 A consortium of nine Egyptian and Arab banks has completed arranging a loan worth 1.8 billion Egyptian pounds…
Banks Arab Investment Bank signs protocol to offer banking services in SCZone Yomna Yasser Apr 6, 2017 0 Egypt’s state-run Arab Investment Bank (AIBK) has signed Thursday a cooperation protocol with the Suez Canal…
forex news Dollar rises against Egypt pound in 7 banks at early interbank trade Yomna Yasser Nov 8, 2016 0 Dollar edged higher against Egyptian pound in seven banks in early interbank dealings on Tuesday. The seven banks…
forex news UPDATE: Egypt pound vs dollar in 20 banks at post-free floating trade Yomna Yasser Nov 7, 2016 0 Dollar has continued its rise against Egyptian pound during interbank dealings on Monday. Pound was quoted at 17.5…
Banks Arab Investment Bank mulls injecting $47.3mn into SME projects Yomna Yasser May 12, 2016 0 The Arab Investment Bank (AIBK) is studying pumping 420 million Egyptian pounds (US$47.3 million) in favour of…
Banks Arab Investment Bank may become 3rd Egypt public bank to seek bourse listing Yomna Yasser Mar 28, 2016 0 State-run Arab Investment Bank plans to float some of its shares on Egypt stock exchange, the bank’s chairman Hani…
Banks Egypt to float Arab Investment Bank on Cairo bourse: official Yomna Yasser Feb 2, 2016 0 State-run National Investment Bank of Egypt plans to float some of its shares in the Arab Investment Bank on local…
Banks Arab Investment Bank profits hit US$16.5mn end June 2015 Noha Gad Sep 7, 2015 0 Arab Investment Bank (AIB) has attained profits worth 130 million Egyptian pounds (US$ 16.5million) within the…
Banks AIB eyes Central Bank’s approval to open 12 Mini Branches Noha Gad Jul 6, 2015 0 The Arab Investment Bank (AIB) eyes the approval of Egypt's Central Bank (CBE) to inaugurate 12 new mini branches,…
Banks Arab Investment Bank, IDB Unit launch Leasing Firm in Egypt Yomna Yasser Mar 26, 2015 0 Egypt's Arab Investment Bank (AIB) and the private sector arm of the Islamic Development Bank will launch an…
Financial Institutions SFD plans first Cooperation with ADIB to support SMEs in Egypt Yomna Yasser Feb 18, 2015 0 Egypt’s Social Fund for Development (SFD) plans to sign its first agreement with Abu Dhabi Islamic Bank (ADIB) to…
Banks Arab Investment Bank signs its First Financing Contract with SFD-Egypt Administrator Jan 26, 2015 0 The Arab Investment Bank (AIB) has signed today its first financing contract with Egypt’s Social Fund for…
Banks NIB announces EGP250mn Contribution to Egyptian Start-up Incubator Ayady Yomna Yasser Jan 11, 2015 0 Egypt’s state-owned National Investment Bank (NIB) will contribute 250 million Egyptian pounds (around US$35…
Banks Arab Investment Bank Seen EGP80 million Profits by end-2014 Noha Gad Dec 21, 2014 0 Arab Investment Bank (AIB Egypt) is expected to register EGP 80 million total profits by end of 2014, chairman Hani…
Banks AIB Egypt Invests 5% in Start-up Incubator Ayady Yomna Yasser Dec 17, 2014 0 Arab Investment Bank (AIB Egypt) contributes around 5% to the paid-up capital of the newly-founded Ayady Company…
Financial Institutions Who’s Who in Egypt’s Reinsurance Company Constituent Committee Yomna Yasser Dec 9, 2014 0 The committee to form Egypt’s first national reinsurance company will encompass 12 insurance firms alongside 3…
Banks Arab Investment Bank Eyes EGP500mn SMEs Portfolio by 2014-End Salma Ayman Sep 16, 2014 0 Arab Investment Bank (AIB) is aiming boosting the finance of Small and Medium sized projects from EGP300 million to…
Banks 4 Egyptian Banks Agree to Raise Mobinil’s Loan to EGP1bn Salma Ayman Aug 26, 2014 0 National Bank of Egypt (NBE), Industrial Development and Workers bank (IDWB), Egyptian Gulf Bank (EGB), Blom bank…
Real Estate 11 Egyptian Banks ink Protocol for Affordable Housing Initiative Yomna Yasser Jun 12, 2014 0 Egypt's Mortgage Finance Fund signed today protocols of cooperation with 11 local banks to support low-income…
Banks Arab Investment Bank Mulls Arranging EGP1 bln Syndicated Loan Yomna Yasser Apr 17, 2014 0 Arab Investment Bank of Egypt (AIB) is considering to arrange an EGP one billion syndicated loan in favour of…
Banks Banque Du Caire, 11 Banks Secure EGP3 bn Loan for Petroleum Sector Yomna Yasser Mar 24, 2014 0 Banque Du Caire S.A.E. along with 11 banks signed on Monday financing contracts worth EGP3 billion (around $431…
Banks Majid Al Futtaim Disburses 1st Tranche of US$500mn Egypt Loan Yomna Yasser Mar 20, 2014 0 Dubai-based developer Majid al Futtaim (MAF) announced on Thursday the disbursal of EGP170 million, worth of the…
Banks Arab Investment Bank Eyes Capital Hike, 20% Growth by 2014-end Yomna Yasser Mar 20, 2014 0 Arab Investment Bank of Egypt (AIB) is targeting a capital increase to EGP 1 billion besides a 20% growth in…
Banks SAIB Says to Inject EGP1.54 bln in SMEs within 2014 Yomna Yasser Dec 25, 2013 0 Société Arabe Internationale de Banque (SAIB) is planning to inject new finances worth EGP 1.5 billion in the SMEs…
Banks With Participation of 12 Banks, SAIB Leads Arrangement of EGPC’s EGP2bn Loan Yomna Yasser Dec 24, 2013 0 Société Arabe Internationale de Banque (SAIB) has signed on Tuesday the long-awaited agreement to arrange, manage…
Banks SAIB Pumps EGP200 mln in MAF’s Mall of Egypt Loan Yomna Yasser Dec 8, 2013 0 Société Arabe Internationale de Banque (SAIB) has pumped on Sunday EGP 200 million as pursuant to the Dubai-based…