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Al Baraka Bank plans to set up new investment arm
Al Baraka Bank is planning to set up a new investment arm in Egypt sometime during 2H2018, CEO Ashraf El…
Banking + Finance
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Bloomberg Terminal ranks NBE as Egypt’s top bank in 1Q2018, Africa’s best in syndicated loans
The National Bank of Egypt was rated the country’s top bank in 1Q2018 in a Bloomberg Terminal report picked up…
State-owned banks scrap high-yielding CDs, introduce new variable interest certificates
The country’s largest state-owned banks have decided to scrap their high-yielding certificates of deposits two weeks after the central bank…
PHD expected to issue EGP 560 mn in securitized bonds this month
Sarwa Capital is expected to complete a EGP 560 mn securitized bond issuance for Palm Hills Development (PHD) this month,…
Alex Bank, Jordan Post agree to facilitate remittances
The Bank of Alexandria and Jordan Post have signed an agreement to facilitate wireless cash transfers to Egypt, Al Mal…
FRA approves establishment of SME-focused Fund-of-funds
The Financial Regulatory Authority (FRA) is allowing the establishment of SME-focused fund-of-funds, FRA boss Mohamed Omran said on Tuesday, according…
El Sisi meets with Visa CEO
President Abdel Fattah El Sisi met with Visa CEO Alfred Kelly and other company officials yesterday to discuss cooperation on…
Prime Holding planning acquisitions of food and education companies
Prime Holding is planning to acquire majority stakes in a food industries company and an education firm, according to statements…
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