Tag: Egypt
Emirates NBD-Egypt expands footprint with Shebin El Kom branch
From retail banking services to large corporate services, the new branch is equipped with a full suite of banking services
PayTabs Egypt, mnGm partner to initiate card acceptance for online gold purchases
The company supports multiple digital payment options, white labelling platforms and a range of e-commerce, m-commerce, and social commerce solutions.
Emirates NBD-Egypt signs EUR 30 million loan deal with Hayat Egypt
The investment not only enhances Hayat Egypt’s financing base but also creates a local partnership in a challenging financial market.
ALEXBANK, Network International to accelerate digital transformation
The deal complements ALEXBANK’s focus on providing customers with unique banking experiences befitting the digital age
Standard Chartered to start operations in Egypt by year-end
The bank appointed Mohammed Gad as CEO of Standard Chartered Egypt effective immediately.
Tatweer Misr secures EGP 3.5 billion medium-term loan facility
The developer plans to use the facility to accelerate the pace of construction works in both IL Monte Galala and Bloomfields projects
Egypt’s credit score downgraded by Fitch Ratings to ‘B-‘
The ratings agency said it expects Egypt to face a significant rise in external debt maturities in fiscal years ending June 2024 and June 2025
Egypt raises RMB3.5 billion with debut sustainable panda bonds
Egypt will use the proceeds for inclusive growth and green objectives under its sovereign sustainable financing framework.
Banque Misr secures $234 million from IFC to support SMEs
The loan to Banque Misr will catalyse job creation in Egypt through its focus on providing financing to micro and small businesses
Egyptian banks suspend debit card use in foreign currency
Commercial International Bank told accountholders that debit cards could only be used for Egyptian pound transactions within the country.