Tag: Egypt
Emirates NBD-Egypt’s net profit jumps 174% to EGP 3.24 billion
Net interest income rose by 69%, registering EGP 7.3 billion in 2023, compared to EGP 4.3 billion a year earlier
ALEXBANK, Mastercard to launch new payment products in Egypt
The partnership seeks to advance the bank’s payment solutions strategy and enhance the financial services landscape
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
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
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
Since its inception, ICD has provided $315 million in financing to Egypt, supporting private sector companies, financing lines to banks and direct investments
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
The collaboration is expected to cater to the needs of individuals in the realm of digital payments and streamline corporate expense management
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
The partnership seeks to foster sustainable economic growth activities, further enhancing the digital payments landscape and driving inclusive economic development in Egypt