Banque Misr teams up with three partners to launch leasing unit
Banque Misr, Egypt’s second largest state lender, is linking up with Misr Financial Investments, Misr Insurance…
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Banks news
Oxford Business Group: banks in Egypt seen y-o-y profit rise on stable outlook
Oxford Business Group (OBG) released its monthly report about Egypt, suggesting that the banks in Egypt would see…
CI Capital negotiating management of new equity fund before year-end
Egypt’s investment bank CI Capital is negotiating to win the management of an equity fund for one of the banks…
Egyptian tycoon Sawiris boosts European presence with a new bank
Egyptian billionaire businessman Naguib Sawiris is stepping up his European presence with the official launch of…
Islamic banking garners 5.2% of Egypt market share – EIFA
The Islamic banking in Egypt captures a 5.2 percent market share of the country’s banking sector business, said…
Egypt’s inflation accelerates at slowest pace in five months: CAPMAS
Egyptian consumer prices showed some signs of stability in March, suggesting that the rise in inflation triggered…
Ahli United Bank launches new initiative to promote Egypt exports
Ahli United Bank – Egypt, part of Bahraini Ahli United Bank Group, has launched late Saturday a new initiative to…
Gold holdings in Egypt’s foreign reserves hit $2.621 billion in March
Egypt’s gold holdings recorded around $2.621 billion of foreign reserves, almost 47.1 billion Egyptian pounds, at…
Arab Investment Bank signs protocol to offer banking services in SCZone
Egypt’s state-run Arab Investment Bank (AIBK) has signed Thursday a cooperation protocol with the Suez Canal…
Mohamed Taymour, father of investment banking in Egypt dies at 75
Egypt’s close-knit finance community has mourned Wednesday the death of one of its founding fathers after Mohamed…