Wednesday, April 24, 2024
HomeBanking & Finance

Banking & Finance

Egypt secures $500 million from the World Bank to expand social security

Arabiya Capital Staff -
The World Bank has approved $500 million in new development financing to expand and strengthen Egypt’s social safety net and protection programme as the...
Read more

Egypt’s central bank hikes key interest rates by 300 bps

Arabiya Capital Staff -
Egypt hiked overnight interest rates by a more-than-expected 300 basis points (bps) on Thursday, the most since 2016, as part of the authorities’ broader...
Read more

UAE-based Fintech Galaxy expands into Egypt with the acquisition of Underlie

Arabiya Capital Staff -
UAE-based Fintech Galaxy said Thursday that it has acquired Underlie, an Egyptian open banking platform that offers application programming interfaces (APIs) to banks and...
Read more

IMF reportedly expects Egypt to switch to flexible exchange end of December

Arabiya Capital Staff -
The International Monetary Fund (IMF) is expecting Egyptian authorities to switch to a flexible exchange rate after a requirement to finance imports through letters...
Read more

IMF executive board approves $3 billion Egypt extended arrangement

Arabiya Capital Staff -
The International Monetary Fund (IMF) said Saturday that its executive board has approved a 46-month $3 billion financial support package for Egypt which is...
Read more

AD Ports, Invictus Investment to jointly invest $6 billion to develop Sudan’s Red Sea port

Arabiya Capital Staff -
Sudan has signed a preliminary agreement with a consortium led by the UAE’s AD Ports Group and Invictus Investment to develop, manage and operate...
Read more

Saudi wealth fund PIF reportedly plans to acquire Egypt’s United Bank for $600 million

Arabiya Capital Staff -
Saudi Arabia’s Public Investment Fund (PIF) is reportedly in advanced talks to acquire Egypt’s United Bank in a deal that could value the state-owned...
Read more

UAE’s Mashreq inks regional sponsorship deal with Argentina football team

Arabiya Capital Staff -
UAE’s Mashreq Bank said Friday that it has signed a regional sponsorship agreement with Argentina’s national football team until 2023. The deal makes Mashreq...
Read more

Egypt’s headline inflation jumps to five-year high in November

Arabiya Capital Staff -
Egypt’s annual urban consumer inflation soared to a five-year high of 18.7% in November, data from state-run statistics agency CAPMAS showed Thursday, as the...
Read more

UAE’s Majid Al Futtaim raises $1.25 billion sustainability-linked loan

Arabiya Capital Staff -
Majid Al Futtaim, the Middle East region’s biggest mall operator, said Monday that it had raised a $1.25 billion revolving credit facility linked to...
Read more
1...202122...42Page 21 of 42

More news

EDITOR PICKS

POPULAR POSTS

CATEGORIES

Arabiya Capital provides dedicated news, features, data and updates on the unprecedented and accelerating changes taking place in Egypt’s banking and finance markets. Our news, articles, events and data are accessible across our many platforms -digital, online, print, roundtable debates, webinars, events (actual & virtual), awards, memberships and polling.

VAST Media Middle East

Contact No. +971 50 1005488
Al Saaha Offices, Old Town Island
Burj Khalifa District,PO Box 487177, Dubai UAE
www.arabiya-capital.com | info@arabiya-capital.com

© Arabiya Capital 2021