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Egypt’s Housing Bank records EGP 37.5m block trading deal
The Egyptian Exchange (EGX) has announced a block trading deal worth EGP 37.564 million on the shares of the Housing and Development Bank (HD Bank).
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saib opens fourth financial education centre within digital transformation strategy
The leading bank saib has opened its fourth financial education centre “saib cube” at the City Center Mall of Alexandria.
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ADCB- Egypt expands branch network to 46
Ihab El-Sewerky, Managing Director and CEO of Abu Dhabi Commercial Bank (ADCB), and Adel Hashem, Head of the Retail Banking Sector at the bank, has inaugurated the bank’s latest branch at the Concorde…
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Egypt’s e-commerce transactions to reach EGP 80 billion in 2021, EJB
The e-commerce transactions in Egypt seen recording 80 billion Egyptian pounds ($5.1 billion) by the end of 2021, said Sherif Makhlouf, an Egyptian Junior Businessmen Association (EJB) member.
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Egypt’s Central Bank keeps interest rates fixed for the last time in 2021
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) on Thursday kept the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25…
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Agricultural Bank of Egypt launches initiative to settle EGP 4bn worth debt
The Agricultural Bank of Egypt announced a new initiative to settle about EGP 4bn of debt in the bank, benefiting more than 45,000 customers.
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Egypt welcomes cooperation with African cities within UCLG
Egypt welcomes any proposal for cooperation at the bilateral, regional, and continental level between African cities within the framework of the United Cities and Local Governments of Africa (UCLG…
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France’s AFD on track to sign €150mn deal with 3 Egyptian banks in Q1-2022, sources
The French Development Agency (AFD) is expected to sign a new financing agreement worth around €150 million ($169 million) with three Egyptian public lenders within the first quarter of 2022, an…
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UAE’s ADQ opens new office in Egypt to invest in economic growth
ADQ, the Abu Dhabi-based holding company, has launched a new office in Egypt as part of the company's commitment to contributing to the country’s economic growth.
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No intention to delist SODIC from EGX after acquisition: Managing Director
Magued Sherif, Managing Director of SODIC, said that the UAE consortium of Aldar Properties and ADQ has requested the acquisition of a majority stake in SODIC, stressing that there is no intention to…
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