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Banks roll out high interest rate CDs, ease currency controls on credit cards
The parallel market is “on its way to disappearing completely,” Banque Misr Chairman Mohamed El Etreby said
Mubadala + Goldman Sachs enter USD 1 bn agreement with an eye on Asia
Mubadala plans to more than double its assets in Asia to 25%, from the 12% currently under the fund’s management
Arab International Company for Hotels and Tourism eyes asset sales to pay off debts. PLUS: Egyptian-Chinese cars by 2025, Egypt commits to Eni payments, MSC eye logistics investments, Real Estate Tax Authority + E-Tax, Banque Misr SME platform
Unconfirmed media reports in 2023 said that the company had received a USD 320 mn offer from a Qatari group…
CIB’s net income soared 83% in 4Q 2023
Revenues rose 71% y-o-y in 4Q 2023 to EGP 16.3 bn
Is another US banking crisis brewing? Here’s what you need to know.
It’s looking gnarly out there for bankers in the United States and investors in their stocks.Here’s what’s on everyone’s mind:…
Savers pour EGP 565 bn into high-yield CDs. PLUS: News from EFG Hermes, Flat6Labs, Azimut, EgyptAir
NBE has racked up some EGP 365 bn, while Banque Misr has attracted EGP 200 bn
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
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