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National Bank of Egypt obtains $1 billion unsecured loan facility

Emirates NBD Capital, Mashreqbank and Firstrand Bank were the global coordinators on the financing deal

Citi, Emirates NBD partner to launch US cross-border payments

Emirates NBD will fully utilise Citi’s 24/7 USD clearing capabilities, including commercial payments and execution of treasury payments

CBUAE publishes monetary, banking developments for March 2024

The money supply aggregate M3 increased by 1.9%, from AED 2.54 billion at the end of February 2024 to AED 2.58 billion at the end of March 2024

OAB unveils direct debit service for seamless payment automation

The innovative service is part of the bank’s commitment to providing cutting-edge banking solutions, accessible 24/7 through electronic platforms and the mobile app

Visa brings simplicity, convenience to booming subscription economy

The new solution supports Visa’s ongoing efforts to increase transparency and control in the subscription economy

aiBANK unveils a daily savings account with interest rates of up to 20%

Customers who opt for the new savings account can earn a daily interest rate of up to 20%

UAE’s du partners with Visa to debut innovative prepaid card

The partnership between du Pay and Visa seeks to reshape the digital payments landscape by ensuring the delivery of easy-to-use and secure digital payment solutions

S&P Global affirms ‘AA’ ratings for UAE’s Emirates Development Bank

The upgrade reflects the improved clarity of the bank’s strategic mandate to enable economic development and industrial growth in the UAE

Network leads launch of UAE domestic card scheme ‘Jaywan’

The domestic payments scheme seeks to promote digital payments by boosting card-based transactions across all segments of customers

NBK-Egypt reports EGP 1.28 billion in net profit in Q1 2024

Net operating income stood at EGP 2.75 billion, up 48.6% from EGP 1.85 billion recorded in the corresponding period of 2023

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