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EFG Hermes Corp-Solutions signs a USD25mln vessel finance deal with Transmar

EFG Hermes Corp-Solutions, a subsidiary of EFG Hermes Holding and one of Egypt’s leading leasing and factoring companies, has signed a USD 25 million...

Fawry and partners establish ‘Roaderz’, A digital mobility platform for last-mile delivery

Fawry, Egypt’s leading e-payments solutions provider, announced today that it has signed an agreement with Samer Gharaibeh, Softec Technologies, and Ammar Zawaideh to co-found...

Commercial International Bank introduces new segment-based pricing for deposits

Commercial International Bank (CIB) announced a new restructuring of its retail products and services that are offered to different segments, individuals and SMEs. This...

ADCB Egypt net profit increases by 45% after one-year of operation

Abu Dhabi Commercial Bank (ADCB) Egypt has announced its financial results for 2021, marking its first year of operation in Egypt. Full of achievements, 2021...

First Abu Dhabi Bank submits a non-binding offer for a majority stake in EFG Hermes

First Abu Dhabi Bank (FAB) announces that it has submitted a non-binding offer for a potential cash acquisition of a majority stake in Egyptian...

Egyptian startup – Thndr – raises $20 million to democratize investing in the Middle East and North Africa

Thndr, the Egyptian digital investment platform, announces a new $20 million series A investment. The round was co-led by Tiger Global, BECO Capital and...

Standard Chartered receives in-principle approval to open its first branch in Egypt

Standard Chartered Bank, is poised to establish a full-fledged banking operation in Egypt, instead of its current representative office set-up, after obtaining the in-principle...

Misr Capital and Fawry launch “Fawry Yawmy” money market fund using financial technology for the first time in Egypt and MENA

Misr Capital – the investment banking arm of Banque Misr, and Fawry – the leading fintech platform in Egypt and MENA, announced the launch...

ADCB Egypt increases its capital to 5 billion EGP

Abu Dhabi Commercial Bank – Egypt (ADCB) announced increasing its capital to EGP 5bn, thus complying with Law No. 194 of 2020 that stipulates...

Egyptian banking sector handles pandemic’s repercussions efficiently says CBE

The Egyptian banking sector has dealt efficiently with the repercussions of the coronavirus pandemic and has contributed to mitigating its negative effects on the...

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