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Infrastructure 
CIB spinning up mortgage - factoring unit
CIB now has a mortgage finance + factoring arm: CIB has established Commercial International Finance after obtaining initial approval from…
valU gets Walid Hassouna’s full attention
valU has Walid Hassouna’s full attention: Walid Hassouna is leaving his position as CEO of EFG Hermes’ Non-Bank Financial Institutions…
FRA wants to more than double non-bank lending by 2026
FRA wants to see serious growth in the non-bank sector: The Financial Regulatory Authority (FRA) wants to see NBFS lending…
CIB net income rises 9% in 2Q 2022
CIB’s net income rose 9% y-o-y to EGP 3.5 bn in 2Q 2022 as demand for short-term credit picked up,…
O West locks in financing worth EGP 1.5 bn to fast-track construction
O West lands EGP 1.5 bn in funding from CIB: Orascom Development Egypt (ODE) subsidiary Orascom for Real Estate (ORE)…
Euromoney awards for HSBC, EFG Hermes and CIB
EFG Hermes, HSBC and CIB walked away with awards from the 2022 Euromoney Awards for Excellence last week. HSBC was…
Bahraini fintech Arab Financial Services plans to launch in Egypt
Bahraini fintech comes to Egypt: Bahrain-based payment solutions provider ArabFinancial Services (AFS) plans to expand to Egypt, the company said…
Has Banque du Caire pushed its IPO back again?
Banque du Caire’s IPO may have been kicked down the road once more: State-owned Banque du Caire is postponing its…
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