Wednesday, November 30, 2022
HomeBanking & Finance

Banking & Finance

NBK—Egypt’s 9M2022 net profits surges by 22.55% to EGP 1.29 billion on corporate credit growth

National Bank of Kuwait—Egypt (NBK)  has reported a net profit of EGP 1.29 billion for the first nine months of 2020, a 22.55% year-on-year...

Saudi Arabia fintech firm Tweeq secures license to offer e-wallet services

The Saudi Central Bank (SAMA) said Tuesday that it has issued an electronic money institution (EMI) license to Tweeq International Financial Company to provide...

Egyptian startup Grinta raises $8 million in seed funding to strengthen technology platform

Egyptian startup Grinta said Monday that it raised $8 million in seed funding led by Raed Ventures and Nclude as the company seeks to...

HSBC Oman agrees to Sohar International Bank merger

HSBC Bank Oman and local rival Sohar International Bank said Wednesday that they have agreed on terms of a merger that will create one...

Saudi wealth fund PIF, BlackRock to jointly explore MENA infrastructure investments

Saudi Arabia’s Public Investment Fund (PIF) signed a non-binding MoU with BlackRock on Monday to jointly explore infrastructure projects in the Middle East, with...

Egypt’s inflation accelerates to 16.2% in October on soaring food costs

The latest data from Egypt’s CAPMAS showed that annual urban inflation accelerated to a four-year high of 16.2% in October and economists expect it...

FAB participates in COP27 panel to explore the future of NZBA in MENA region

First Abu Dhabi Bank (FAB), the UAE’s largest bank by assets, said Wednesday that it participated in a panel that was hosted by the...

Dubai developer Nakheel secures $4.6 billion funding to fuel growth

Nakheel, the developer behind Dubai’s artificial palm-shaped islands, said Tuesday that it secured $4.6 billion (AED 17 billion) in financing from a group of...

Intesa Sanpaolo, ALEXBANK to host agribusiness and climate change panel at COP27

Intesa Sanpaolo Group and its Egyptian subsidiary, the Bank of Alexandria (ALEXBANK) will host a panel on tackling the competitive dynamics for agribusiness and...

FABMISR completes integrating banking services with Bank Audi Egypt

FABMISR, First Abu Dhabi Bank’s (FAB) Egyptian unit, said that it has completed integrating banking services with Bank Audi Egypt. The migration of all banking...

More news