Feature Egypt’s traders demand probe into EGX power outage M.S.Salama Apr 23, 2024 0 Egyptian Stock Exchange (EGX) traders and investors have demanded an immediate investigation into Monday's service…
Feature European banks seek ‘strategic’ status Aya El Sayed Apr 16, 2024 0 European banks are urging the European Union (EU) to classify them as a strategic sector, warning that their…
Money China Vanke receives govt. support amid property crisis Aya El Sayed Mar 11, 2024 0 China’s government stepped in to bolster China Vanke, a state-backed property firm currently facing financial…
Banks ECB maintains rate floor, monitors economic outlook Aya El Sayed Feb 29, 2024 0 The European Central Bank (ECB) plans to maintain a “floor” under market interest rates, with the decision on the…
Banks FAB launches 1st global Sukuk in ‘24 Aya El Sayed Jan 11, 2024 0 First Abu Dhabi Bank (FAB) issued on Thursday a five-year Sukuk worth $800 million at a rate of U.S. Treasury +85…
Banks Egypt’s CIB confirms taking a loan Aya Anwar Nov 19, 2023 0 The Egyptian Commercial International Bank (CIB) responded to the Egyptian Exchange (EGX) inquiring about the…
Money Deutsche Bank acquires UK broker Numis Sama Mousa Oct 15, 2023 0 Deutsche Bank has completed its full acquisition of London-based boutique investment bank, Numis, the German bank…
Tech/AI Egypt’s Oriental Weavers sells stake in NBK Egypt Sama Mousa Oct 2, 2023 0 Egypt's Oriental Weavers Group (OW) sold its 0.70 percent equity in the National Bank of Kuwait - Egypt (NBK…
Money Banque du Caire launches central security unit Sama Mousa Sep 14, 2023 0 Banque du Caire launched a central security control unit to monitor operations at its branches, said an emailed…
Banks Arab African International Bank first-half net profit reaches $106.1mln Nada Ali Sep 7, 2023 0 The African Arab International Bank (AAIB) has achieved a net profit of $106.1 million in the first half of 2023,…