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Banking & Finance

Egypt seeks to raise $5 billion from state IPO program by mid-2024

MEA Finance - 0
The government collected $5 billion from offering stakes in 13 companies between March 2022 and July 2023
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Banking & Finance

Network International invests EGP 1 billion in Egypt

MEA Finance - 0
The payments firm plans to use part of the investment to acquire, deploy and maintain around 100,000 POS machines.
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Banking & Finance

NBK-Egypt posts EGP 1.57 billion in half-year net profit

MEA Finance - 0
The bank’s net interest income soared by 88.2% to reach EGP 3.2 billion compared to EGP 1.7 billion a year ago.
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Banking & Finance

EFG Holding posts EGP 3.1 billion in Q2 2023 revenue

MEA Finance - 0
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
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Banking & Finance

Egypt central bank signs MoU with London Institute of Banking & Finance

MEA Finance - 0
The agreement sets the stage for a fruitful partnership that will bring significant benefits to the North African country
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Banking & Finance

Crédit Agricole Egypt’s H1 2023 profit jumps 146% to $81.2 million

MEA Finance - 0
The bank said its net banking income surged by more than 108% year-on-year to reach EGP 4.5 billion
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Banking & Finance

Fintech firm Opay mulls Egypt digital bank license application

MEA Finance - 0
OPay’s digital bank will provide lending, savings and card services via the internet without the need for customers to go to branches
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Editors pick

Arab Financial Services expands its digital payments solutions into Egypt

MEA Finance - 0
Arab Financial Services (AFS) has announced plans to expand its payments footprint into Egypt, with the establishment of its Egypt hub. AFS (Egypt) will...
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Wealth Management

EFG Hermes reports EGP 965 million in group revenues and net profit of EGP 90 million in 1Q20 as it adopts prudent measures in...

MEA Finance - 0
EFG Hermes, reported today a net profit after tax and minority interest of EGP 90 million in 1Q20, on revenues of EGP 965 million,...
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