Egyptian Life Takaful-GIG gets final OK to promote services via NBAD bank
Egyptian Life Takaful Company – GIG has received the final approval by the Central Bank of Egypt and the Financial…
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National Bank of Abu Dhabi
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…
HC Securities: AUMs rose to 4 billion Egyptian pounds in Q3
Egypt-based investment bank, HC Securities and Investment’s total assets under management have reached around 4…
HC Securities launches NBAD’s Egypt capital protection oriented fund
Egyptian investment bank, HC Securities and Investment has launched Tuesday a capital protection oriented fund.…
CPI Business, NBAD launches SME Beyond Borders conference in Cairo
The much anticipated SME Beyond Borders conference is set to open in Cairo Monday at the Nile Ritz Carlton…
UAE, Qatar stocks edge up in early trade
Stock markets in the United Arab Emirates inched up in early trade on Monday with Abu Dhabi's exchange backed by…
Abu Dhabi’s NBAD, FGB approve to form $175 bln bank
National Bank of Abu Dhabi PJSC is merging with rival First Gulf Bank PJSC in a deal that will create a regional…
Banking shares surge in Abu Dhabi on FGB/NBAD merger details
Abu Dhabi banking shares soared in early trade on Sunday after the boards of directors of First Gulf Bank and…
Gulf stocks firm in early trade but NBAD cools
Stock markets in the Gulf were firm early Tuesday, boosted by opinion polls and bookmakers' odds suggesting the…
Gulf stocks mostly firm, NBAD continues climb
Most Gulf stock markets were firm in early trade on Monday while National Bank of Abu Dhabi (NBAD) continued to…
Abu Dhabi banks soar on merger talks; Gulf stock markets mostly up
Shares in Abu Dhabi banks skyrocket early on Sunday on news that National Bank of Abu Dhabi (NBAD) and First Gulf…
Abu Dhabi banks said in talks to form biggest lender in MENA
National Bank of Abu Dhabi PJSC and First Gulf Bank PJSC are exploring a potential merger to create the largest…
7 banks, Dubai developer Majid Al Futtaim sign $281.6mn syndicated loan
A consortium of banks including seven banks inked a 2.5 billion Egyptian pounds ($281.6 million) syndicated loan…
UAE retailer Majid Al Futtaim inks $281.6mn loan for Egypt project
A banking consortium has signed Wednesday a 2.5 billion Egyptian pounds ($281.6 million) loan for Dubai-based…
EXCLUSIVE: Who’s who Egypt bank CEOs likely to leave on 9-year term limit decree
The decision of Egypt's central bank on Thursday to set a 9-year term limit for all banks’ CEOs will force ten of…
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…
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…
Most of Gulf markets fall but SABIC supports Saudi stocks
Most Gulf stock markets fell in modest trading volumes Wednesday with the weakness of global equity markets putting…
Six global lenders eye financing Egypt top refinery Midor’s expansion scheme
Six foreign lenders are bidding to finance a project to upgrade Egypt's state-owned Middle East Oil Refinery…
UAE’s NBAD and Egypt’s NBE to advise on Egypt Midor’s $1.4bn expansion
National Bank of Abu Dhabi (NBAD), the United Arab Emirates' largest lender by assets, and National Bank of Egypt…
NBE-NBAD alliance named financial advisor for Midor’s $1.4bn financing
Egypt's state-owned Middle East Oil Refinery (Midor) has selected National Bank of Egypt and National Bank of Abu…
National Bank of Egypt selects banks for Potential Benchmark Bond
National Bank of Egypt (NBE), the oldest commercial lender in the country, has picked five banks to arrange fixed…
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…
NBAD-Egypt seizes 8% of Group’s Total Activities
The National Bank of Abu Dhabi’s (NBAD) activities in Egypt represent 8% of the bank’s total activities, according…
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…
UAE’s NBAD to add Export Financing to its Egypt Operations – CEO
National Bank of Abu Dhabi will be expanding in Egypt to add export financing to its wholesale operations and…
Orascom Construction: Banks offer $1.95 billion for Egypt Power Station
Orascom Construction intends to raise US$1.95 billion in syndicated loans which will be used for the $3 billion…
Abu Dhabi’s NBAD says not Interested in Citi’s Egypt Assets
The National Bank of Abu Dhabi (NBAD) is not interested in buying the Egypt retail business of Citigroup, and is…
Banque Du Caire pumps $80 million in ElSewedy Electric’s Loan
Banque Du Caire is pumping US$80 million in a loan arranged for Egypt’s ElSewedy Electric Company, a banking source…
HSBC, NBAD Grant Etisalat Egypt US$120mn Loan
Etisalat Egypt signed US$120 million agreement with HSBC and National Bank of Abu Dhabi (NBAD). The company will…
Banks to Arrange $1.5bn Loan for Egypt to Repay Foreign Energy Firms
HSBC, National Bank of Egypt, and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's…
3 UAE Banks Mull Takeover of Citibank’s Egypt Retail Unit
Three UAE banks operating in the Egypt’s market are planning to compete over the individual financing portfolio of…
National Bank of Egypt Leads Consortium to Arrange US$1b Finance for EGPC
National Bank of Egypt (NBE) and Arab African International Bank (AAIB) are aiming to arrange finance in favor of…
NBE, 5 Banks To Grant Semaf € 96 Mln This June
As being the main loan arranger, the National Bank of Egypt (NBE) is planning to grant the railway equipment…
National Bank of Abu Dhabi wins award
The National Bank of Abu Dhabi (NBAD) was named the Best Debt Capital Markets House in the Middle East and the UAE…
Nine Banks Sign MAf Definitive Loan Agreement Today
Nine banks will sign on Sunday the definitive agreement of the EGP 3 billion loan arranged for Majid Al Futtaim…
NBAD, AIB To Contribute EGP 300 Mln To Ethylene Loan
National Bank of Abu Dhabi (NBAD) and Arab Investment Bank approved to contribute EGP 300 million to the US$ 1.250…
The National Bank Of Abu Dhabi Selects BT To Connect Global Operations
The National Bank of Abu Dhabi (NBAD) selected BT, one of the world's leading providers of communications services…
NBAD Contributes EGP 200 Mln To Loan For MAF Holding
The National Bank of Abu Dhabi (NBAD) approved to contribute EGP 200 million to the syndicated loan arranged by the…