Egypt, Italy explore ICT investment, offshoring partnerships
Egypt’s Minister of Communications and Information Technology Amr Talaat held a series of meetings in Rome with…
Browsing Tag
Intesa Sanpaolo
Italy’s top bank makes 1st bitcoin trade worth €1m
Italy’s largest bank, Intesa Sanpaolo, has completed its first proprietary bitcoin trade, investing €1 million…
EIB, Intesa Sanpaolo unlock €8b EU wind power investments
The European Investment Bank (EIB) and Italy's Intesa Sanpaolo launched on Thursday a new initiative to unlock up…
Turkish gold rush boosts Italian jewelry exports
Italian jewellery manufacturers are benefiting from increased demand from Turkey due to inflation.
Western banks hand €800m tax to Kremlin in ’23
The seven largest European banks in Russia paid over €800 million in taxes in 2023 despite pledges to reduce their…
ACC secures major financing for three gigafactories
ACC, a European auto battery manufacturer co-owned by Stellantis, Mercedes, and TotalEnergies, announced on Monday…
Intesa Sanpaolo in talks with Egypt gov’t to buy remaining 20% stake in ALEXBANK
Intesa Sanpaolo Group, the leading European bank and owner of 80 percent stake in AlexBank in Egypt, has started…
AlexBank says H1 net profit hit EGP 2.365 billion
Egypt’s AlexBank, part of Italy’s Intesa Sanpaolo, announced on Tuesday that its net profit after tax reached 2.365…
Intesa to start talks to buy rest of Egypt’s AlexBank
Italy's biggest bank, Intesa Sanpaolo will start extensive negotiations in the coming few hours to buy the Egyptian…
AlexBank H1 pre-tax net profit grows to EGP 1.959 billion
Egypt’s AlexBank announced on Monday that it made net profit before tax worth up to 1.959 billion Egyptian pounds…
Egypt’s AlexBank says 2020 pre-tax profits hit EGP 3.2 billion
Egypt’s AlexBank announced on Tuesday that it made profits before tax worth up to 3.178 billion Egyptian pounds…
Egypt’s AlexBank pre-tax profits at EGP 2.786 bln in nine months
Egypt’s AlexBank, part of Italian bank Intesa Sanpaolo, said on Tuesday it posted profits before tax worth 2.786…
Intesa Sanpaolo buys back IFC’s $161.8 mn stake in Alexbank
Bank of Alexandria (Alexbank)’s parent, Italian banking group Intesa Sanpaolo, has bought back the International…
AlexBank net profit falls 7.7% year-on-year in Q1
Egypt’s AlexBank, part of Italian bank Intesa Sanpaolo, said on Monday that its first-quarter net profit fell 7.7…
AlexBank first-half net profit grows 6.3%
Egypt’s AlexBank, part of Italian bank Intesa Sanpaolo, said on Thursday that its first-half net profits rose 6.3…
AlexBank SMEs loans records EGP 3.2 bln in Q1 2019
AlexBank, a member of Italian bank Intesa Sanpaolo, recorded a total Small and medium enterprises loan of 3.2…
Football star Mohamed Salah is official brand ambassador of AlexBank
Egypt’s prolific striker and Liverpool's forward Mohamed Salah has been named the global brand ambassador of…
Three insurers bid for Alexbank’s blanket bond policy
AlexBank, a member of Italian bank Intesa Sanpaolo, has received the technical and financial offers from three…
AlexBank negotiating insurers for banker’s blanket bond policy
AlexBank, a member of Italian bank Intesa Sanpaolo, is speaking to insurers in Egypt about plans to launch its…
AlexBank disburses $893k for CSR projects since beginning of 2018
AlexBank, a member of Italian bank Intesa Sanpaolo, says it had disbursed 16 million Egyptian pounds ($893,181) for…
AlexBank signs MoU to empower Egyptian women via financial inclusion
AlexBank, a member of Italian bank Intesa Sanpaolo, signed Tuesday a memorandum with the National Council for Women…
AlexBank posts 3.1% retail lending growth in six months
Egypt-based AlexBank, a member of Italian bank Intesa Sanpaolo, has made a 3.1 percent loan growth within its…
AlexBank: SME lending hit 3 bln Egyptian pounds at 2016-end
AlexBank, a member of Italian bank Intesa Sanpaolo, says small and medium-sized financing portfolio had recorded 3…
Intesa Sanpaolo won’t make takeover bid for insurer Generali
Italy's second-largest bank, Intesa Sanpaolo SpA announced Friday evening that it has decided against launching a…
European stocks mixed; fears over LSE-Deutsche Boerse tie-up troubles
European stock markets hovered around the flat line this Monday morning as investors eyed troubles in the London…
Intesa Sanpaolo may launch 12 billion euro cap hike in bid for Generali
Italy's Intesa Sanpaolo (ISP.MI) could launch a 12 billion euro ($13 billion) capital increase reserved to…
Intesa Sanpaolo secures €110m for Egypt in 2016
Intesa Sanpaolo-Dubai hub Bank has secured €110 million in financing for Egypt throughtout 2016, said head of…
Europe stocks advance as Brexit tensions ease; oil, sterling surge
European stock markets posted strong gains on Tuesday as uncertainty over the U.K.'s political scene diminished…
European stocks slip as Italian banks, Volkswagen weigh
Stocks in Europe slipped Monday, with losses among Italian banks putting the pan-European on track for its first…
AlexBank launches new initiative to promote Egypt’s handcrafts and artworks industry
Egypt’s AlexBank – a member of Italian bank Intesa Sanpaolo Group – has launched Tuesday a new initiative that aims…
New Suez Canal saves “5-10% of total operating costs”- Intesa Sanpaolo report
Egypt's New Suez Canal has led to a decrease in transit time from 18 to 11 hours, which will be reflected on the…
Telefonica Said to Mull Doubling Down in Italian Gambit
As Telecom Italia SpA (TIT)’s financial investors prepare to cut off funding, the future of the phone company…
Report: Sawiris Eyes Telecom Italia Again
Egyptian billionaire Naguib Sawiris has been circling the Italian telecoms market in recent months, and fresh…
Italy Govt Prefers Telefonica Merger for Telecom Italia to Sawiris – Paper
The Italian government would prefer a merger between Telecom Italia and Spain's Telefonica, rather than a deal…
Italy Banks Bad Loans Underline Southern Europe Malaise
Italian banks are more reluctant to lend as a recession saddles them with mounting bad debt, highlighting a growing…
Moody’s Downgrades Egypt’s Bank Of Alexandria; Negative Outlook
Moody's Investors Service downgraded Egypt's Bank of Alexandria's (BALX) local-currency deposit rating for one…
Telecom Italia Is Said to Plan $13 Billion Network Spending
Telecom Italia SpA (TIT) is planning 10 billion euros ($13 billion) in fiber-optic investments for its…
Intesa Sanpaolo Named Best Bank In Italy By Global Finance
Intesa Sanpaolo has been awarded by the American magazine GLOBAL FINANCE as “Best Bank in Italy” in the category…
Kuwait’s Burgan Bank Looks To Egypt For Potential Acquisitions
Kuwait-based Burgan Bank is looking at potential acquisitions in Egypt to step up international expansion and is…
Telecom Italia Rejects Sawiris’ €3 Bln Offer
Telecom Italia (TLIT.MI) on Thursday rejected a 3 billion euro ($3.9 billion) investment offer from Egyptian tycoon…