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CIB profits surge 62% in 3Q2021 as bank posts another record quarter
CIB’s net income surged 62% y-o-y to EGP 3.81 bn in 3Q2021 as net interest income of EGP 6.5 bn…
CBE issues framework for instant digital payments
The Central Bank of Egypt has released the regulations(pdf) for its instant payment network (IPN), part of its strategy to…
Abu Dhabi Commercial Bank Egypt profits inch up in 3Q2021
Abu Dhabi Commercial Bank Egypt reported net income of EGP 379 mn in 3Q2021, up almost 3% from the same…
Fawry makes its first investment outside Egypt
Fawry has finalized an unspecifiedinvestment in Sudan’s largest online classifieds platform and marketplace, acquiring an undisclosed strategic minority stake inAlsoug.com…
Banque Misr, NBE claim their slots in Bloomberg’s syndicated loans league table
Banque Misr was ranked as the top lead arranger for syndicated loans in Egypt in 9M2021, according to a Bloomberg…
Contact CEO Said Zater to chair Consumer Finance Federation, Bahaa Elshafie named vice chairman at Banque du Caire
Contact CEO and managing director Said Zater (LinkedIn) has been elected chairman of the Consumer Finance Federation, according to a…
Stock sell-off accelerates as inflation, rising yields + US debt talks weigh on sentiment
Bears are throwing a stagflation tea party after yesterday’s marketheadlines, as the rise in US bond yields heralded yet further…
HSBC Egypt appoints new chairman
HSBC Egypt has appointed Nasser Alshaali (LinkedIn) as its chairman as of 22 September, succeeding David Eldon, according to a…
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