Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Logistics (MENA) 
Egypt Aluminum in talks with banks for USD 600 mn financing for new product line
State-owned Egypt Aluminum is in talks with five local and international banks to finance a portion of its planned USD…
Banking + Finance
Home / Banking + Finance
New tax treatment won’t affect ADIB’s 2018 financial results
Abu Dhabi Islamic Bank’s 2018 financial results will not be affected by proposed amendments to the tax treatment of bank…
Banque Misr expects AfreximBank to agree USD 550 mn loan soon
Banque Misr will sign an agreement to borrow USD 550 mn from the African Export-Import Bank (AfreximBank) “within weeks,” Banque…
Consortium to provide EGPC with USD 750 mn loan for arrears
A Mashreq Bank-First Abu Dhabi Bank-HSBC consortium is arranging a USD 750 mn, five-year loan for the Egyptian General Petroleum…
SFD to finance ValU-Swvl installment plan cooperation
The Saudi Finance Fund (SFD) will finance an agreement between mass transit app Swvl and EFG Hermes’ valU that will…
valU to extend its services to more online shoppers in Egypt
EFG Hermes Finance’s valU is in talks with six e-commerce companies to extend its payment-on-instalment services to more online shoppers,…
Central Bank of Egypt plans to launch polymer banknotes by 2020
The CBE will launch plastic or polymer banknotes by 2020, which are more durable than their paper counterparts, CBE Governor…
EBRD extends USD 50 mn to AAIB for Egypt exporters, importers
The European Bank for Reconstruction and Development (EBRD) has extended a USD 50 mn facility to the Arab African International…
Something went wrong. Please refresh the page and/or try again.