ABK-Egypt Bank joins Instant Payment Network ‘InstaPay’
Egypt’s Al Ahli Bank of Kuwait (ABK) has joined the InstaPay mobile application, which allow clients to process…
Browsing Tag
Egyptian Gulf Bank
EGBANK’s NPLs portfolio grows 3.68% in H1 2019
Egyptian Gulf Bank (EGBANK) non performing loans (NPL) portfolio has captured 3.86 percent of the total credit…
Egyptian Gulf Bank 9-month profits jump 21%
Egyptian Gulf Bank (EGB) reported Wednesday a 21 percent increase in its nine-month profits to reach 373.3 million…
Egyptian Gulf Bank 9-month profits jump to 373.3 million pounds
Egyptian Gulf Bank (EGB) reported an increase in its nine-month profits to reach 373.3 million Egyptian pounds…
EGB Egypt profits rise by 47% in Q1
Cairo-based Egyptian Gulf Bank reported Wednesday a 47 percent increase in profits to reach 138.1 million pounds…
9 banks to fund Egypt coal power plant via 26.5bn pounds loan
A consortium of nine Egyptian banks has submitted the terms and conditions of arranging a syndicated loan to build…
EGB Egypt signs $20 mln loan agreement to finance SMEs
Cairo-based Egyptian Gulf Bank has signed a loan agreement with the European Investment Bank (EIB) to receive a $20…
Consortium plans EGP13.5 bln loan for Egypt Petroleum Corp
A consortium of nine Egyptian banks is set to secure 13.5 billion Egyptian pounds ($745.8 million) to finance the…
EXCLUSIVE: share of 9 banks in Egypt’s EGAS loan
A consortium of nine Egyptian and Arab banks has completed arranging a loan worth 1.8 billion Egyptian pounds…
EBRD loans Egyptian Gulf Bank $20 million to boost Egypt SMEs
The European Bank for Reconstruction and Development (EBRD) has provided the Egyptian Gulf Bank a $20 million loan,…
Misr Life renews medical insurance cover for Egyptian Gulf Bank’s employees
Egypt’s Misr Life Insurance has renewed a medical insurance cover designated for the Egyptian Gulf Bank’s (EGB)…
EGB eyes 1 bln pounds in Egypt household gas connection finances by 2020
Cairo-based Egyptian Gulf Bank is seeking to raise its financing for household gas connection projects to one…
Egyptian former investment minister launches Aur Capital
Ashraf Salman, Egypt’s former minister of investment, announced plans to launch Aur Capital Investment Company,…
Dollar slightly rises against Egypt pound at early interbank trade
Dollar rose once again above 15 to Egyptian pound in 9 banks during early interbank dealings in Egypt on Thursday.…
Egypt pound vs dollar in interbank trade at 18 banks
US dollar traded to an average of 15 for buying and 15.65 for selling to Egyptian pound in interbank dealings on…
Dollar further fell against Egypt pound at early interbank trade
Dollar trade further dropped to an average below of 14 level for buying and below 16 for selling to Egyptian pound…
Dollar slips against Egypt pound at early interbank trade after IMF loan approval
Dollar trade fell to an average below of 16 level to Egyptian pound in four banks during early interbank dealings…
Dollar calms against Egypt pound following IMF $12 billion bailout approval
US dollar trade calmed significantly against Egyptian pound in 19 banks during interbank dealings in Egypt on…
Dollar stablises against Egypt pound at interbank trade
Dollar stablised against Egyptian pounds in 19 banks during interbank dealings on Thursday. For the biggest banks…
Dollar rises against Egypt pound in 7 banks at early interbank trade
Dollar edged higher against Egyptian pound in seven banks in early interbank dealings on Tuesday. The seven banks…
UPDATE: Egypt pound vs dollar in 20 banks at post-free floating trade
Dollar has continued its rise against Egyptian pound during interbank dealings on Monday. Pound was quoted at 17.5…
Dollar climbs against Egypt pound in 11 banks at early post-free floating trade
Dollar has surged against Egyptian pound in 11 banks in early interbank dealings on Monday.The 11 banks are Banque…
As post-free float trading begins, get to know dollar prices in 16 Egypt banks
Egyptian banks start trading currency on Sunday without central bank restrictions for the first time after policy…
Three banks brace for multimillion pound loan for Cairo Business Park project
An alliance of three major lenders in Egypt is set to lend property developer Misr Italia multimillion of Egyptian…
EGBank first half profits double to $29.4 mln
Egyptian Gulf Bank (EGBank) has more than double profits in the first half of the year to 260.6 million Egyptian…
Four banks mull $78.8 mln financing for Egyptian property project
Four Egyptian banks are considering a multi-million Egyptian pounds finance in favour of a property project in one…
Two banking consortia to offer Egypt’s Medinet Nasr $168.8 mln loan in days
Egyptian property developer Medinet Nasr will receive this week two offers from two banking consortia competing to…
EFG-Hermes plans acquiring 94% stake in Egyptian microfinance leader Tanmeyah
Egypt’s EFG-Hermes, one of the largest investment banks in the Middle East, is in the process of acquiring further…
Egyptian Gulf Bank approves capital increase to $129.3 million
Egyptian Gulf Bank extra-ordinary general assembly (EGM) was convened Wednesday, to approve the bank's capital…
Ten Egyptian banks sign $1.2bn loan deal for Siemens power plants
A group of 10 major banks has signed one of the biggest financing deals in Egypt’s energy sector, amounting to 10…
10 banks to sign multi-billion Egyptian pounds loan for power projects today
A consortium of Egyptian and Arab banks will sign Sunday a 10 billion Egyptian pounds (US$1.27 billion) finance…
Misr Insurance eyes watchdog’s approval to launch $6.4mn leasing arm
Egypt’s state-run Misr Insurance Holding Company (MIHC) is in official talks with the market regulator to launch a…
Misr Insurance eyes watchdog’s approval to launch $6.4mn leasing arm
Egypt’s state-run Misr Insurance Holding Company (MIHC) is in official talks with the market regulator to launch a…
Egyptian Electricity Holding gives nod to nine banks’ $1.26bn loan offer
State-run Egyptian Electricity Holding Company (EEHC) has approved a loan offer worth 10 billion Egyptian pounds…
Egypt’s electricity holding inks $525mn loan with Afreximbank, 9 banks today
State-run Egyptian Electricity Holding Company (EEHC) is to sign Thursday a US$525-million funding contract with a…
Afreximbank, 8 Egyptian banks prep for US$525mn electricity loan
A consortium of eight Egyptian banks in addition to the African Export-Import Bank (Afreximbank) is bracing for…
Egyptian Gulf Bank Net Profit rises 12.6% in Six Months
The Egyptian Gulf Bank's (EGB) net profit increased by 12.6% within the first half of 2015, bank's financial lists…
Egypt’s ELAB approves $12mln-loan for Electricity Holding Company
Egyptian Arab Land Bank (EALB) will contribute US$ 12 million of US$ 521 million to the Egyptian Electricity…
EXCLUSIVE: Banks’ Shares in $521 million Egypt Electricity Loan
Five banks have reached a final agreement on their shares in a US$521 million loan to support Egypt’s electricity…
Ahli United Bank secures EGP350 million for Egyptian Steel’s Loan
Ahli United Bank pumps EGP 350 million (US$45.8 million) in a loan arranged for one of Egyptian Steel Group’s…