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CIB joins global banks in financial inclusion pledge
CIB signs on to UN financial inclusion initiative: Our friends at CIB are among the founding signatories of a UN-led…
PM Moustafa Madbouly to chair financial stability committee + Tamer Aly becomes Valeo software development center GM
Top brass from the government and Central Bank of Egypt (CBE) will sit on a joint committee to align monetary…
Arco inks EGP 720 mn financial leasing agreement
Real estate development firm Arco is borrowing EGP 720 mn via a financial leasing agreement with a syndicate of Gulf…
SMEs get a helping hand from CBE
CBE offers support for financially distressed SMEs: Financially distressed SMEs at risk of default will be given more time —…
Earnings watch: Qalaa, Juhayna, BdC report 3Q2021 results
Qalaa Holdings’ net losses narrowed slightly to EGP 440.7 mn in 3Q2021, down 0.6% y-o-y, according to the company’s earnings…
State institutions ❤️ Planet Startup
Egypt’s biggest state-owned banks are planning to launch a new fund to invest in fintech startups before the end of…
NBE in talks for USD 600 mn facility
State-owned National Bank of Egypt (NBE) is in talks with an Asian development bank to borrow more than USD 600…
CIB + NBE take further steps for financial inclusion
CIB will allow clients to open bank accounts without proof of income under a new type of account dubbed Bedaya…
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