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FABMISR expands footprint with Banha City branch

FABMISR expands footprint with Banha City branch

The inauguration of the new branch in Banha marks a significant strategic milestone for FABMISR.
NBK-Egypt reports EGP 4.02 billion in annual net profit

NBK-Egypt reports EGP 4.02 billion in annual net profit

Customer deposits continued to grow, rising by 25.42% to reach EGP 105.93 billion in 2023
Abu Dhabi wealth fund ADQ to invest $35 billion in Egypt

Abu Dhabi wealth fund ADQ to invest $35 billion in Egypt

The Abu Dhabi fund will acquire the development rights for Ras El-Hekma for $24 billion to develop the region into one of the largest new city developments
ICD, Banque Misr to provide $30 million SME finance

ICD, Banque Misr to provide $30 million SME finance

Since its inception, ICD has provided $315 million in financing to Egypt, supporting private sector companies, financing lines to banks and direct investments
Mashreq Global Network, ITIDA partner to expand operations in Egypt

UAE’s Mashreq Global Network, ITIDA partner to expand operations in Egypt

Mashreq Global committed to hiring a minimum of 300 new Egyptian employees over the three-year duration of the agreement
Al Baraka Bank Egypt, Mastercard partner to advance banking experience

Al Baraka Bank Egypt, Mastercard partner to advance banking experience

The collaboration is expected to cater to the needs of individuals in the realm of digital payments and streamline corporate expense management
Egypt’s General Authority for Investment and Free Zone signs MoU with HSBC

Egypt’s GAFI signs MoU with HSBC to boost foreign investments

HSBC will introduce and connect more international investors to the growing business opportunities in Egypt
Mastercard, Egyptian Banks Company partner to boost digital economy

Mastercard, Egyptian Banks Company partner to boost digital economy

The partnership seeks to foster sustainable economic growth activities, further enhancing the digital payments landscape and driving inclusive economic development in Egypt
Allianz Egypt teams up with Suez Canal Bank to expand Bancassurance services

Allianz Egypt teams up with Suez Canal Bank to expand Bancassurance services

Allianz Egypt aims to expand its distribution network as well as attract new business opportunities via innovative channels to boost the insurance sector in Egypt
aiBANK, Valu unveil exclusive co-branded credit card in partnership with Visa

aiBANK, Valu unveil co-branded credit card in partnership with Visa

The new card will introduce a unique balance transfer program, allowing customers to transfer their balances from any other credit card