Tuesday, May 7, 2024
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Banking & Finance

NBK-Egypt reports EGP 4.02 billion in annual net profit

Arabiya Capital Staff -
Customer deposits continued to grow, rising by 25.42% to reach EGP 105.93 billion in 2023
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UAE’s FAB unveils trade platform for asset managers MENASSA

Arabiya Capital Staff -
The new platform is designed to navigate global regulatory complexities that impact investment flows
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Egypt’s FABMISR reports 131% increase in full-year profit

Arabiya Capital Staff -
The bank’s total assets rose to EGP 295.4 billion in December 2023, a 43% increase from 2022
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ICD, Banque Misr to provide $30 million SME finance

Arabiya Capital Staff -
Since its inception, ICD has provided $315 million in financing to Egypt, supporting private sector companies, financing lines to banks and direct investments
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Abu Dhabi Islamic Bank launches new payment hub

Arabiya Capital Staff -
The bank has worked with ProgressSoft to ease the integration of cross-border services and accelerate cross-border remittances
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Bahrain’s BENEFIT records $77.1 billion in electronic transactions in 2023

Arabiya Capital Staff -
The electronic fund transfer system (EFTS) on all channels witnessed substantial growth to BHD 29 billion in 2023
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UAE’s Mashreq Global Network, ITIDA partner to expand operations in Egypt

Arabiya Capital Staff -
Mashreq Global committed to hiring a minimum of 300 new Egyptian employees over the three-year duration of the agreement
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AFS, Xpence partner to innovate SME finance in Bahrain

Arabiya Capital Staff -
The alliance is poised to deliver unparalleled financial control and efficiency to Bahrain’s burgeoning SME sector
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Emirates NBD unveils criteria for SMEs to participate in ‘Dubai Growth Initiative’

Arabiya Capital Staff -
The first phase of the initiative is open to Dubai-founded SMEs in select sectors including food and beverage, FMCG and e-commerce
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Al Baraka Bank Egypt, Mastercard partner to advance banking experience

Arabiya Capital Staff -
The collaboration is expected to cater to the needs of individuals in the realm of digital payments and streamline corporate expense management
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