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Alstom’s Borg El Arab railway manufacturing complex gets the green light from gov’t
PLUS- Rashid Petroleum Company is planning to increase gas production by 44.1% y-o-y to 320 mn cubic feet per day…
HSBC launches first-of-its-kind cash management solution in Egypt, UAE
HSBC will now allow treasurers to manage cash 24/7, including weekends and national holidays
Banque Misr, NBE slash rates on three-year USD CDs
The reduction is not expected to affect the attractiveness of these certificates, a banking expert told us
China’s Di Seta breaks ground on USD 40 mn factory in Qantara West
PLUS- IDG launches 1.6 mn sqm industrial offering in New October
Egypt’s net foreign assets jump 65.8% to USD 8.7 bn in January
This follows two consecutive months of decline in Egypt’s net foreign assets
Mashreq Bank to launch its corporate banking platform Mashreq Neo Corp in Egypt
The lender launched Mashreq Neo Corp in Qatar, Kuwait, and Bahrain last year
HSBC to exit Bahraini retail banking business + unveils plan to cut costs
The move is pending the Central Bank of Bahrain’s approval and is expected to be completed in 4Q 2025
How Egypt’s commercial banks are bracing for a potential rate cut
Banks are expected to take several measures to prevent a decline in their revenues after an extended period of high…
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