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Banking & Finance

ALEXBANK, Network International to accelerate digital transformation

The deal complements ALEXBANK’s focus on providing customers with unique banking experiences befitting the digital age

Standard Chartered to start operations in Egypt by year-end

The bank appointed Mohammed Gad as CEO of Standard Chartered Egypt effective immediately.

Tatweer Misr secures EGP 3.5 billion medium-term loan facility

The developer plans to use the facility to accelerate the pace of construction works in both IL Monte Galala and Bloomfields projects

UAE’s AAFAQ Islamic Finance, Al Ansari partner to advance customer experience

The partnership seeks to offer a user-friendly payment avenue for Aafaq credit card holders

Orascom Development Egypt secures EGP 6 billion syndicated loan

EFG Hermes acted as the sole financial adviser, lead manager and bookrunner on the transaction

Egypt’s credit score downgraded by Fitch Ratings to ‘B-‘

The ratings agency said it expects Egypt to face a significant rise in external debt maturities in fiscal years ending June 2024 and June 2025

UAE’s Abu Dhabi Islamic Bank unveils robust ESG strategy

The strategy underscores ADIB’s commitment to increasing its sustainable finance targets, enhancing its sustainable development journey.

Egypt raises RMB3.5 billion with debut sustainable panda bonds

Egypt will use the proceeds for inclusive growth and green objectives under its sovereign sustainable financing framework.

Banque Misr secures $234 million from IFC to support SMEs

The loan to Banque Misr will catalyse job creation in Egypt through its focus on providing financing to micro and small businesses

Mastercard, tmam partner to help GCC SMEs digitise corporate expenses

The collaboration will help small businesses digitise their corporate expenses while saving money on company spending.

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