ADCB Egypt partners with PaySupp to offer supply chain financing solutions – Dailynewsegypt
Abu Dhabi Commercial Bank – Egypt (ADCB Egypt) has partnered with financial technology company PaySupp to provide innovative financing solutions for corporate supply chain vendors. The agreement, signed by Ihab El Sewerky, Managing Director and CEO of ADCB Egypt, and
FABMISR profits surge 139% to EGP 15.8bn in H1 2024 – Dailynewsegypt
First Abu Dhabi Bank Misr (FABMISR) has announced strong financial results for the first half of 2024 (H1 2024), with net profit reaching EGP 15.8bn, representing a significant 139% increase compared to the same period last year. The bank’s performance,
CIB exits investment in Egypt Otsuka Pharmaceuticals, selling stake to Otsuka Group – Dailynewsegypt
Commercial International Bank-Egypt (CIB), Egypt’s leading private-sector bank, has announced the successful completion of its planned exit from Egypt Otsuka Pharmaceuticals (EOP), a leading player in the pharmaceutical industry and a member of the Otsuka Group. The divestment, which saw
Banque du Caire introduces exclusive ‘Tharwa ELECT’ tier for high-net-worth clients – Dailynewsegypt
As part of a comprehensive strategy and ambitious plan to expand its range of competitive banking products and services, Banque du Caire has announced the launch of the “Tharwa ELECT” tier. This new offering is designed to provide a unique
CBE directs banks to facilitate account opening for non-resident foreigners – Dailynewsegypt
The Central Bank of Egypt (CBE) has instructed banks to facilitate the process of opening accounts for non-resident foreigners in Egypt. These accounts will allow foreigners to access a variety of banking services without compromising the regulations and standards governing
Total financial position of Egyptian banking sector increases to EGP 17.8trn in Q1 2024 – Dailynewsegypt
Household sector holds 74.2% of EGP 11.534trn in customer deposits
Inflation dynamics normalizing to pre-March 2022 patterns: CBE – Dailynewsegypt
Inflation is projected to stabilise around current levels in 2024, with significant decline anticipated in H1 2025
Opinion| Egypt’s banking revolution: CBE approves launch of first digital bank – Dailynewsegypt
Historic achievement that signifies major step forward in country's digital transformation within banking sector
CIB collaborates with SAS Institute to enhance university students’ skills – Dailynewsegypt
The Commercial International Bank (CIB) Egypt recently signed a memorandum of understanding (MoU) with SAS Institute, emphasising their joint commitment to youth development and workforce readiness. Through this collaboration, students will gain essential skills and knowledge to navigate local and
Investment banks predict CBE to maintain unchanged rates for second consecutive meeting – Dailynewsegypt
Analysts anticipate unchanged rates amidst decreasing inflation