Sisi’s Long Live Egypt launches savings certificates in six banks
The Long Live Egypt Fund (Tahya Misr), a fund created by Egyptian President Sisi to assist national economy, has…
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Mohamed Ashmawy
Sisi’s housing project start opening its door to slums residents next May
Egypt’s Tahya Masr (Long Live Egypt) Fund will deliver the first and second phases of in “Tahya Masr social housing…
Sisi’s fund to establish $13 million leasing firm
Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national…
Sisi’s fund to establish $255mn holding company for SMEs
The Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national…
Sisi’s Long Live Egypt Fund receives $767 million commitments
The Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national…
United Bank of Egypt launches New Products for Alternative Energy, Small Contractors
The United Bank of Egypt is planning in few coming weeks to introduce two new products to fund projects related to…
United Bank eyes New Investment Arm to Support Egypt Industry
United Bank Egypt plans to launch a new investment arm in the industrial development sector within the first…
United Bank Injects EGP200mn in Biggest Loan in Egypt’s Banking Sector
United Bank Egypt is investing EGP 200 million in a syndicated loan for the state-owned Egyptian General Petroleum…
United Bank to Sell Suez Canal Investment Certificates
In cooperation with the Suez Canal Bank, the United Bank announced Sunday that it will start selling the investment…
United Bank Opens new Account to Support ‘Long Live Egypt Fund’
In a quick response to the initiative launched by the Egyptian President and the central bank, the United Bank…
United Bank Mulls Capital Top-up to EGP2 billion to Finance Mega Projects
Egyptian lender United Bank S.A.E. is considering a capital increase to EGP 2 million within this year from EGP 1…
Federation of Egyptian Banks Plans EGP200 mln Contribution to Informal Areas
Federation of Egyptian Banks(FEB) plans to allocate EGP 200 million from the Banking System’s profits by the end of…
United Bank’s Finance to SMEs Hit EGP200 Mln in May, Chief Says
Mohamed Ashmawy, chairman of United Bank, announced that the bank's finance to the SMEs projects have totaled at…
United Bank Mulls Launch Of 2 Mutual Funds for SMEs At EGP200 Mln
Mohamed Ashmawy, chairman of United Bank, announced that his bank is studying the launch of 2 investment funds for…
EBDA Launches Egypt SMEs Event Today
Conference on the Small and Medium Enterprises entitled ‘The Innovative Financing Mechanisms For SMEs in Egypt’ has…
United Bank’s Deposit Portfolio Hit EGP 14 Bln At End-2012
The United Bank’s deposit and loan portfolios reached EGP 14 billion and EGP 4.5 billion, respectively at the end…
Sukuk Between Theory & Practice Conference Kicks Off
“Sukuk between Theory and Practice” conference, organized by United Bank, is launched on Monday. The conference is…
United Bank’s Employees Protest Today For Better Financial Conditions
1300 out of 1800 employees of the United Bank plan to held a protest and a sit-in today in front of the bank’s…
Commerce Faculty To Launch Small Enterprise Finance Unit In Collaboration With United Bank
Faculty of Commerce – Ain Shams University establishes a new unit for supporting, developing and financing small…
United Bank Holds 2nd Conference On Islamic Sukuk Law On Tuesday
The United Bank – Egypt will hold on Tuesday a conference titled “Islamic Sukuk Finance between Reality and…
Ashmawy Calls On Implementing A Method Of Calculating Return On Sukuk
Before bringing into effect the sukuk law, the Egyptian policy makers shall consider a number of issues such as how…
United Bank To Finance Membership Subscriptions To Aerosport Club
The United Bank Egypt has signed an agreement today to offer sharia-compliant loans to the members of Aerosport…
United Bank Mulls Contributing To Loans For Steel, Ethylene Factories
United Bank considers contributing with EGP 200 million to the loans being arranged in the current period for…
United Bank Signs First Two Islamic Finance Contracts
The United Bank of Egypt signed the first two sharia-compliant syndicated loan contracts, said Mohamed Ashmawy, the…
United Bank Denies Upcoming Changes In Ownership Structure
The United Bank of Egypt will not change its ownership structure in the current period, affirmed Mohamed Ashmawy,…
United Bank Launches 48th Branch In Mohandseen
The United Bank of Egypt inaugurated a new Islamic banking branch in Mohandseen, as part of the bank’s strategy to…
Get To Know United Bank’s Mohamed Ashmway
Mohamed Ashmawy is Federation of Egypt Banks (FEB) Board Member and Chairman & Managing Director of the United…
United Bank Launches Campaign To Improve Endoscopy Unit At Imbaba Hospital
The United Bank has launched a national campaign to renew and improve the endoscopy unit at Imbaba Fever Hospital,…
United Bank Finances Cleanliness Equipments Worth EGP 3 Mln
The United Bank offered cleanliness equipments worth EGP 3 million for cleaning Nasr City and Heliopolis, as part…
United Bank Offers Unique Banking Solutions For Journalists
The United Bank launched a unique banking packages compliant with sharia law for businessmen, media men and…
United Bank To Raise Loans Portfolio To EGP 4 Bln By End Of 2012
The United Bank targets to inject EGP 600 million in its loans and credit facilities portfolio, raising it to EGP 4…
United Bank Launches Custodians Department
The United Bank announced the launch of a new administrative unit named department of custodians after securing…
AUB’s Prosperity Fund Attracts EGP 270 mln Bids
United Bank announced that “Prosperity” fund, the first sharia-compliant cash fund in the Egyptian market, was…
United Bank’s Loans Up EGP 500 Mln
United Bank’s loans and credit facilities portfolio soared by EGP 500 million, registering EGP 3.5 billion at the…
United Bank To Offer EGP 90 Mln Islamic Loan To Tawfeek Financial Lease
United Bank approves offering Islamic sharia-compliant finance with value of EGP 90 million to Al Tawfeek Co. for…
UBE And SFD To Sign EGP 75 Mln Contracts
United Bank intends to sign three finance contracts with Social Fund for Development (SFD) with value of EGP 75…
United Bank Settles EGP 5 Bln Loans In Last Three Years
United Bank reduced non-performing loans portfolio from EGP 6.1 billion to less than EGP one billion in the last…
UBE Considers EGP 100 mln Loan For Egyptians Iron Factory
United Bank is currently studying participating with a value of EGP 100 million in the syndicated loan arranged by…
Federation of Banks Discusses Financing Obstacles Facing Tech-Companies At Cairo ICT
Federation of Egyptian Banks (FEB) is holding a meeting with a large number of information technology companies to…
UBE participates in Developing SMEs Conference at Ain Shams University
United Bank is participating in Developing and Supporting SMEs Conference, organized by Ain Shams University at its…