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Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn issuance
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens Israel’s second-largest airline Arkia Airlines is moving its operations to…
Hisham Ezz Al Arab will lead CIB until March 2029
Hisham Ezz Al Arab (LinkedIn) is staying on as CEO of the country’s largest private lender CIB until March 2029,…
Egypt continues to issue LCs as usual
LCs continue to be processed — albeit after closer inspection to verify documentation
Fitch Ratings says Egyptian banks are well armed to weather Iran conflict fallout
Banks entered the current crisis in a much stronger position than during the early stages of the Russian invasion of…
Sherif Elbehery to head NBE’s UAE operations
The state-owned lender is looking into acquiring the necessary licensing to offer a full-fledged investment banking experience
EGP holds at 50 despite USD 1 bn in exits on Thursday
The USD held firm just above the EGP 50 mark as banks closed on Thursday for the weekend, capping a…
Egypt prepares to offer a 40% stake in Banque du Caire as early as April
Amid global market uncertainty from the war on Iran, the government seems to be signaling that its commitment to reform…
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