Banking & Finance

WATCH: MEA Finance Awards 2023 honours top achievers in the region’s banking and financial technology industry

https://youtu.be/aUNoO_xVzyY The MEA Finance Awards, the region’s most prestigious financial awards programme, announced the winners for its 2023 edition at a gala dinner at The...

ALEXBANK, Network International to accelerate digital transformation

The deal complements ALEXBANK’s focus on providing customers with unique banking experiences befitting the digital age.

Standard Chartered to start operations in Egypt by year-end

The bank appointed Mohammed Gad as CEO of Standard Chartered Egypt effective immediately.

Dubai Islamic Bank empowers youth financial literacy through Youth Financial Empowerment Forum

Dubai Islamic Bank (DIB) is taking significant strides in nurturing the financial literacy of the youth through its innovative Youth Financial Empowerment Forum, a...

Egypt’s Tatweer Misr secures EGP 3.5 billion loan facility

The developer plans to use the facility to accelerate the pace of construction works in both IL Monte Galala and Bloomfields projects

AAFAQ Islamic Finance, Al Ansari partner to advance customer experience

The partnership seeks to offer a user-friendly payment avenue for Aafaq credit card holders

Mashreq launched a new digital wealth offering – Thematic Investments, giving customers access to 20+ risk & theme-based portfolios.

Mashreq continues to innovate its wealth solutions and has launched its new digital wealth offering - Thematic Investments, giving customers access to invest across...

Orascom Development Egypt secures EGP 6 billion syndicated loan

EFG Hermes acted as the sole financial adviser, lead manager and bookrunner on the transaction

Egypt’s credit score downgraded by Fitch Ratings to ‘B-‘

The ratings agency said it expects Egypt to face a significant rise in external debt maturities in fiscal years ending June 2024 and June 2025

ADX partners with HSBC to develop digital assets

The initiative leverages the investment product knowledge of ADX and HSBC’s investment banking, capital markets and blockchain capabilities

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