EALB bank, EFG Hermes Leasing ink JV deal to finance small businesses in Egypt
Egyptian Arab Land Bank (EALB) and EFG Hermes Leasing have concluded an agreement to jointly offer leasing…
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Moody’s says Fed still needs to convince the market that more hikes underway
The U.S. Federal Reserve must do a lot of work to convince skeptical markets that interest rate hikes are in the…
ECB’s Draghi warns of ‘serious risk’ to global economy from rising…
European Central Bank President Mario Draghi said on Friday protectionist policies pose a "serious risk" for growth…
IMF/World Bank’s GlobalMarkets names Tarek Amer c.bank governor of the year
GlobalMarkets, the newspaper of the IMF/World Bank Annual Meeting, has named Tarek Amer, Egypt's central bank…
Higher credit impairments erode Emirates NBD’s Egypt H1 profit
Emirates NBD, Dubai's largest lender, reported Thursday a 10.5 percent fall in first-half profits in Egypt. The…
EFG Hermes unit, EALB bank join forces to support Egypt small businesses
EFG Hermes Leasing, a wholly-owned subsidiary of investment bank EFG Hermes, signed Wednesday a cooperation…
Estonia plans to launch its own government-backed cryptocurrency called…
Estonia is looking to issue its own virtual currency with the help of Ethereum founder Vitalik Buterin. The…
Egypt central bank says no intention to pass bitcoin trading legislation
Egypt’s central bank said Wednesday it has no intention of issuing legislation or passing a special law that allows…
Four Egyptian banks on UAB list of top 1000 banks
The Union of Arab Banks (UAB) included four Egyptian banks to its annual Top 1000 World Banks ranking that released…
ADIB-Egypt H1 net profit grows 23.8%
Abu Dhabi Islamic Bank (ADIB) says first-half net profit in Egypt rose 23.8 percent from a year ago to record 211.9…