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…
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Banks
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…
Egypt’s central bank issues $1.35bln T-bills
The Central Bank of Egypt (CBE) offered new treasury bills (T-bills) worth 42 billion Egyptian pounds in two…
Saudi’s SAB records $882.3 mln profits in H1
Saudi Awwal Bank (SAB) recorded a 58.87 percent increase in net profit to 3.31 billion Saudi riyals during the…
