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Banking & Finance

Egypt’s Banque Misr invests in auction platform BELMAZAD

MEA Finance - 0
BELMAZAD aims to digitize traditional auction processes by reducing reliance on manual interventions
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Banking & Finance

Egypt’s EFG Finance secures license for its new NBFI venture

MEA Finance - 0
The new venture is poised to complement EFG Finance’s core offering by catering to the financing needs of SMEs in Egypt
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Banking & Finance

Emirates NBD-Egypt’s net profit jumps 174% to EGP 3.24 billion

MEA Finance - 0
Net interest income rose by 69%, registering EGP 7.3 billion in 2023, compared to EGP 4.3 billion a year earlier
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Banking & Finance

ALEXBANK, Mastercard to launch new payment products in Egypt

MEA Finance - 0
The partnership seeks to advance the bank’s payment solutions strategy and enhance the financial services landscape
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Banking & Finance

NBK-Egypt reports EGP 4.02 billion in annual net profit

MEA Finance - 0
Customer deposits continued to grow, rising by 25.42% to reach EGP 105.93 billion in 2023
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Investments

Abu Dhabi wealth fund ADQ to invest $35 billion in Egypt

MEA Finance - 0
The Abu Dhabi fund will acquire the development rights for Ras El-Hekma for $24 billion to develop the region into one of the largest new city developments.
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Banking & Finance

ICD, Banque Misr to provide $30 million SME finance

MEA Finance - 0
Since its inception, ICD has provided $315 million in financing to Egypt, supporting private sector companies, financing lines to banks and direct investments
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Banking & Finance

UAE’s Mashreq Global Network, ITIDA partner to expand operations in Egypt

MEA Finance - 0
Mashreq Global committed to hiring a minimum of 300 new Egyptian employees over the three-year duration of the agreement
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Banking & Finance

Al Baraka Bank teams up with Mastercard to advance banking in Egypt

MEA Finance - 0
The collaboration is expected to cater to the needs of individuals in the realm of digital payments and streamline corporate expense management
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Banking & Finance

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

MEA Finance - 0
HSBC will introduce and connect more international investors to the growing business opportunities in Egypt
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