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Banking

Egypt’s GAFI signs MoU with HSBC to boost foreign investments

HSBC will introduce and connect more international investors to the growing business opportunities in Egypt

Emirates NBD-Egypt, GV Developments partner to develop Tarboul Industrial City

Emirates NBD-Egypt is strengthening Tarboul Industrial City’s development by providing the project’s feasibility study

GFH Financial Group posts $78.9 million in nine-month profit

The group’s total assets increased by nearly 8% to reach $10.54 billion in the nine months to September 30 from $9.76 billion in December 2022

Standard Chartered to start operations in Egypt by year-end

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

Emirates NBD makes equity investment in Komgo

The equity investment was made by Emirates NBD’s Innovation Fund, the banking group’s corporate venture fund.

Mashreq unveils ‘Reignite’ global programme to empower women

Mashreq Bank has unveiled ‘Reignite’, its new Returning Women programme for female professionals wishing to resume their careers after a break. Backed by a...

EFG Holding posts EGP 3.1 billion in Q2 2023 revenue

The bank’s operating profit in the three months to June 30 reached EGP 988 million, up 46% y-o-y despite an increase in group operating expenses

Ajman Bank’s AED 550 million rights issue oversubscribed

The rights issue will strengthen the capital base of the bank and the share capital will be increased to AED 2.7 billion

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