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Banking & Finance

EFG Hermes concludes advisory on HSB’s $8.1 million unsecured notes

The brokerage firm’s latest issuance is part of a series of back-to-back transactions EFG Hermes has concluded in the debt capital market space

FABMISR posts EGP 4.5 billion full-year net profit

The bank’s total assets grew by 55% compared to 2021 to reach EGP206.45 billion as of the end of December 2022

Morocco secures $5 billion flexible credit line from IMF

Morocco has benefited from four successive precautionary and liquidity line arrangements amounting to about $3 billion since 2012

Egypt secures $345 million for train project from Jeddah-based IsDB

The project is expected to benefit 25 million people annually and decrease carbon emissions by approximately 250,000 tons annually

Egypt’s central bank hikes key interest rates by 200 bps

The interest rate increase is the first this year after the central bank kept its monetary policy unchanged in February

AJIB agrees to acquire StanChart business in Jordan

The two banks will work closely in the coming months to provide a seamless transition for its clients and staff.

Banque Misr, EgyptAir sign cooperation protocol in digital payments

The partnership was hailed as an expansion of Banque Misr’s achievements in the field of digital payments and support for digitalisation

Egypt secures $7 billion, five-year partnership from World Bank

The framework’s projects will be supported with a “financial envelope” of $7 billion in lending

Paymob, IKEA Egypt partner to enhance customer experience

The company’s omnichannel gateway offers more than 40 payment methods and empowers over 170,000 SME merchants

UAE’s AD Ports Group signs concession to operate Egypt’s Safaga Port

AD Ports will invest a total of up to $200 million in superstructure and equipment, buildings and other real estate facilities

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