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US court rejects jury verdict against Arab Bank in terrorism case
A US court has rejected a 2014 jury verdict that found the Jordan-based Arab Bank liable for Hamas-linked suicide bombings…
Banking + Finance
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Naeem Holding considers investing in healthcare and education
Naeem Holding is considering investing in Egypt’s healthcare and education sectors and will announce a major investment decision by the…
Banque Misr partners with Visa and Exxon Mobil to provide electronic payment
Banque Misr and Visa are rolling out electronic payment at 100 Exxon Mobil petrol stations, according to AMAY.
ABE signs transfer agreements with Western Union, MoneyGram, Transfast
The Agricultural Bank of Egypt (ABE) signed agreements with Western Union, MoneyGram, and Transfast to facilitate overseas transfers from Egyptian…
Banque du Caire to open offices in Kenya and Tanzania
Banque du Caire is planning to launch representative offices in Kenya and Tanzania as part of its international expansion strategy,…
CIB managed securitization bond issuances worth more than EGP 2.2 bn
CIB managed securitization bond issuances worth north of EGP 2.2 bn throughout 2017 and January 2018, a source at the…
NBE sees inflows of USD 1 bn for January
The National Bank of Egypt’s (NBE) USD inflows stood at USD 1 bn in January, Executive Chairman Hisham Okasha told…
Golden Pyramids to issue USD 200-750 mn in bonds
Golden Pyramids Plaza’s EGM approved issuing non-convertible bonds in the range of USD 200-750 mn, according to a bourse announcement.…
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