Egypt’s CIB confirms taking a loan
The Egyptian Commercial International Bank (CIB) responded to the Egyptian Exchange (EGX) inquiring about the…
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Banks
Deutsche Bank acquires UK broker Numis
Deutsche Bank has completed its full acquisition of London-based boutique investment bank, Numis, the German bank…
Egypt’s Oriental Weavers sells stake in NBK Egypt
Egypt's Oriental Weavers Group (OW) sold its 0.70 percent equity in the National Bank of Kuwait - Egypt (NBK…
Banque du Caire launches central security unit
Banque du Caire launched a central security control unit to monitor operations at its branches, said an emailed…
Arab African International Bank first-half net profit reaches $106.1mln
The African Arab International Bank (AAIB) has achieved a net profit of $106.1 million in the first half of 2023,…
CBE eases banking access for illiterate, elderly
The Central Bank of Egypt (CBE) introduced new facilities on Tuesday to help illiterate and elderly customers (65+…
Egypt to sell stake in Banque Misr in 2024
Egypt is eyeing selling a stake in Banque Misr to a strategic investor in 2024, the bank’s chairman Mohamed…
UAE’s Mashreq to begin digital banking operations in Pakistan
UAE-based Mashreq announced on Monday that it completed its incorporation in Pakistan and will commence digital…
Banque Misr, Actors Syndicate cooperate on seamless digital services
Banque Misr, Egypt’s second largest state-run lender signed a cooperation protocol with the Actors Syndicate for…
ADIB Egypt posts 111.47% YoY rise in H1 profits
Abu Dhabi Islamic Bank Egypt (ADIB-Egypt) recorded an increase of 111.47 percent year-on-year (YoY) in consolidated…