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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…
Banking
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.…
CBE greenlights Banque du Caire’s establishment of EGP 500 mn financial leasing arm
The CBE has approved Banque du Caire’s plan to set up a financial leasing arm for the bank with EGP…
Sherif Samy joins Endowments Authority investment committee
Former Financial Regulatory Authority (FRA) boss Sherif Samy joined the Endowments Authority’s Investment Development Commission, which is expected to draft…
Corplease issues EGP 1.074 bn securitization bonds through five banks
Corporate Leasing Company (Corplease) has issued EGP 1.074 bn in securitization bonds through a five-bank consortium, Al Masry Al Youm…
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