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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.

Emirates NBD, DIFC launch ‘National Digital Talent Incubator’ programme

The incubator programme will run two cohorts per annum, each consisting of three to six FinTech startups with UAE national founders and members

Al Etihad Payments, NPCI International Payments to develop UAE domestic card scheme

The UAE central bank’s launch of Al Etihad Payments is aimed at implementing an innovative, interoperable, and enabling payments infrastructure

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