National Bank of Kuwait H1 profits rise 78.4% in Egypt
The National Bank of Kuwait (NBK), the Gulf state’s largest commercial lender, reported Sunday a 78.4 percent rise…
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A third of Greeks at risk of poverty as Athens mulls return to bond market
Greece’s government might be preparing to return to the bond market but there are many structural problems that…
NBE bank earmarks 300m Egyptian pounds for scientific research, scholarships
Egypt’s biggest lender, the state-owned National Bank of Egypt has signed Thursday a cooperation protocol to put…
CIB bank Egypt H1 net profit 29.2% up
Egypt’s largest listed bank, Commercial International Bank (CIB) reported Thursday a 29.2 percent rise in net…
Al-Ahly wins mandates for two financial portfolios of 400mn Egyptian pounds
The investment arm of Egypt’s biggest state lender National Bank of Egypt, National Fund Management Company…
Egypt’s EFG Hermes says unit won brokerage licence in Kenya
Egypt’s EFG Hermes announced Thursday that its unit has a won a regulatory approval to start a brokerage business…
EFG Hermes’ UAE unit to invest $21.5 mln in asset manager FIM
EFG Hermes UAE Limited, a wholly-owned unit by Egyptian investment bank EFG Hermes, announced Wednesday it will…
Egypt’s IDWBE bank launches subsidiary to provide leasing services
Egypt’s Industrial Development and Workers Bank (IDWBE) said Tuesday it had launched a wholly-owned subsidiary,…
UK inflation made unexpected slowdown in June, easing pressure on BoE
British inflation surprisingly slowed for the first time since October until June, adding to the likelihood that…
Egyptian Electricity Holding to sign multi-billion pound loan deal this week
The state-run Egyptian Electricity Holding Co. will sign this week a syndicated loan deal worth 37.4 billion…