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CIB signs agreement with Khadamaty to allow cash deposits and withdrawals from smart wallet
CIB has reportedly signed an agreement with e-payments firm Khadamaty which would see CIB customers deposit and withdraw cash from…
Banking + Finance
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NASDAQ Dubai invites AMOC to list with it
NASDAQ Dubai has invited Alexandria Mineral Oils Company(AMOC) to list on their exchange, according to Al Borsa. AMOC reps tell…
CIB deploys ATMs customized for visually-impaired customers
CIB announced it deployed nearly 100 ATMs especially designed to serve visually impaired customers for the first time domestically. “The…
Military Production Ministry waives bank-issued LG requirement for affiliated companies
Companies affiliated with the Military Production Ministry will be providing letters of guarantee officiated by the state, rather than banks,…
Alexandria Portland Cement approves EGP 200 mn loan
Alexandria Portland Cement’s board approved a EGP 200 mn revolving loan facility from HSBC to finance working capital, capex, and…
NEST to delist, approves buyout plan to delist
Real estate firm North Africa Company for Real Estate Investment’s (NEST) is planning to delist, with its extraordinary general assembly…
United Bank of Egypt looking to settle EGP 500 mn in overdue loans
The United Bank of Egypt is looking to settle EGP 500 mn in overdue debts with its clients in 4Q2017,…
Al Ahli to sell stake in Egyptian Resorts
Al Ahli Capital is offloading its 9% stake in the Egyptian Resorts Company by the end of the year, according…
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