National Bank of Egypt, EIB ink €70mn Third Pollution Abatement Project
The National Bank of Egypt (NBE) and the European Investment Bank (EIB) have signed today a €70 million new loan…
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AlexBank: Retail Lending hikes to EGP12 billion at September-end
AlexBank – a member of Italian bank Intesa Sanpaolo Group – reported a total retail lending portfolio of 12.090…
Egypt Reaches $1bn Financing Strategy Deal with World Bank
Egypt’s Ministry of Transportation has reached a new four-year finance strategy agreement with the World Bank…
NBE Renews EGP2.6bn Credit Facilities for Egypt’s Cotton, Sugar Sectors
The National Bank of Egypt (NBE) announced it has renewed its EGP 2.6 billion (US$363.5 million) credit facilities…
Banque Du Caire; 1st in Africa, MENA for Return on Capital – The Banker
Banque Du Caire is ranked first in the Middle East and Africa in terms of the highest return on capital (64.57%),…
AIB Egypt Invests 5% in Start-up Incubator Ayady
Arab Investment Bank (AIB Egypt) contributes around 5% to the paid-up capital of the newly-founded Ayady Company…
Egypt-Weekly Dollar Bids Rise to Four Times a Week
The Central Bank of Egypt (CBE) raised the number of weekly bids for the dollar (known as the FX auction) from…
28 Local Banks offer EGP154bn for CBE’s 72nd Auction of Deposit Operation
28 banks operating in the Egyptian market offered Tuesday a domestic surplus liquidity totalling EGP 154.450…
Wage Cap Applied to 8 Bankers at Egyptian Arab Land Bank
Only eight senior bankers at the Egyptian Arab Land Bank were affected by a cap on public sector pay, chairman…
EBRD Inks Two Loans with Egypt’s Biggest Bank to Support Women, Energy Efficiency
The European Bank for Reconstruction and Development is partnering with National Bank of Egypt (NBE) to introduce…