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Mashreq delivers record net income in 2023
The growth was mainly attributed to a 69% y-o-y rise in net interest income
Mohammed Gad, CEO of Standard Chartered Egypt
The Egyptian arm of the multinational lender has officially launched operations
Another econ-heavy night on the airwaves
The economy continued to drive the conversation on the airwaves last night. Between the central bank’s Monetary Policy Committee meeting…
Analysts split on CBE’s next move -Enterprise poll
The central bank has kept rates steady for the last three meetings
Savers pour EGP 471 bn into high-yield CDs. PLUS: Mining tender + subsea cable incoming.
Savers have poured some EGP 305 bn in CDs with NBE and EGP 166 bn with BM’s
S&P sees the EGP losing half its value
The rating agency thinks that “more clarity on exchange rate policy would benefit trade and economic growth
aiBank and Valu roll out new co-branded credit card. PLUS: Sidpec’s net income doubles in 2023, CIRA absorbs three subsidiaries
The card’s features include 1% cashback on food, beverages, and fuel.
THIS EVENING: Standard Chartered is now licensed to set up a full branch in Egypt
Good afternoon, ladies and gentlemen, and happy hump day-equivalent. The weekend is getting closer as we have one less workday…
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