Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has entered into a strategic collaboration with DIFC Innovation Hub to fast-track fintech adoption in the region. The UAE’s DIFC Innovation Hub is home to more than 700 growth-stage tech firms …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 45 billion through two issues on Sunday, 23 June. The first auctions stood at EGP 25 billion and will mature in 182 days on 24 December …
Dubai – Mubasher: The listed Commercial Bank of Dubai (CBD) has teamed up with Emirates Development Bank (EDB) through a strategic partnership to enhance and facilitate international trade services, according to a press release. The collaboration …
Cairo – Mubasher: The National Bank of Egypt (NBE) has announced, on 19 June 2024, the successful signing of a $1 billion senior unsecured syndicated term loan facility in which several regional and global financial institutions participated. The …
Cairo – Mubasher: Egyptian debt market is gaining back its lure after the recent reforms in the economy and the increase in interest rates and the devaluation of the currency, according to an analysis by Financial Times. Egypt's local bonds have …
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at an aggregated value of EGP 50 billion through two offerings on Thursday, 13 June. The first auctions stood at EGP 30 billion and will mature in 91 days on 17 …
Mubasher: The US Federal Reserve (Fed) left interest rates unchanged, signalling it will not pull back until seeing sustained progress lowering inflation from multi-decade highs. The Federal Open Market Committee (FOMC) has maintained the target …
UAE- Mubasher: Emirates NBD has partnered with Citi to introduce a new USD cross-border clearing service in the Middle East. Emirates NBD will be the first bank to utilise Citi’s 24/7 USD Clearing service, offering round-the-clock cross-border …
Cairo – Mubasher: Egyptian pharmaceutical distribution startup i'SUPPLY closed a pre-Series A funding round, bringing total funds raised to $2.50 million. Investors in the round included Disruptech Ventures, OneStop Capital, Axian Investment CVC, …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 45 billion through two issues on Wednesday, 12 June. The first tranche was valued at EGP 25 billion and will mature in 182 days on 17 …
Cairo – Mubasher: The standalone net profit of Orascom Investment Holding (OIH) surged by 784.56% year-on-year (YoY) to EGP 570.19 million in the first quarter (Q1) of 2024 from EGP 64.46 million. The basic and diluted earnings per share (EPS) …
Cairo – Mubasher: Aman Holding, the fintech subsidiary of Raya Holding For Financial Investments, has closed the fourth issue of its first securitisation bond programme, amounting to EGP 1.04 billion. This issue is backed by a consumer financing …
Cairo – Mubasher: The European Union (EU) plans to provide firms in private sector with guarantees amounting to EUR 1.80 billion to enhance foreign direct investment (FDI) in Egypt. The plans were discussed between Rania Al-Mashat, Egypt’s …
Cairo – Mubasher: Qalaa Holdings announced that the first phase of allowing shareholders to purchase its external debt has raised EGP 875.35 million Egyptian pounds ($17.49 million), between 2 and 5 June 2024, covering 81% of the targeted amount. …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bonds (T-bonds) at a combined value of EGP 3 billion through two issues on Monday, 10 June. The offering stood at EGP 2.50 billion and will mature in three years on 4 June 2027, …
Cairo – Mubasher: First Abu Dhabi Bank Misr (FABMISR), the business unit of UAE-based FAB operating in Egypt, penned a deal with Cayesh, the first supply chain finance company in Egypt. The two entities will join forces to leverage innovative …
Cairo – Mubasher: Juhayna Food Industries has signed a credit facility worth EGP 450 million with HSBC, renewing a working capital financing agreement. Signed in November 2023, the credit facilities include a package of benefits by the bank linked …
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) worth EGP 55 billion through two tranches on Sunday, 9 June. The first auction stood at EGP 30 billion and will mature in 91 days on 10 September 2024, according to …
Mubasher: Saudi Arabia, the UAE, and Egypt accounted for 92% of total venture capital (VC) funding in the MENA region, according to a report by MAGNiTT. Saudi startups raised $400 million in VC funding in 2023, up 602% year-on-year (YoY), the …
Cairo – Mubasher: Orascom Financial Holding (OFH) turned to a consolidated net loss of EGP 22.81 million in the first quarter (Q1) of 2024, versus a net profit of EGP 19.81 million in the equivalent quarter the year before. Revenues soared to EGP …
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bills (T-bills) at a combined value of EGP 45 billion through two auctions on Thursday, 6 June. Holding a tenor of 182 days until 10 December 2024, the first tranche stood at EGP …
Cairo – Mubasher: The net international reserves (NIR) at the Central Bank of Egypt (CBE) reached a historic high of $46.12 billion at the end of May 2024. This marks an increase of approximately $5.06 billion from $41.05 billion at the end of …
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA), Vision International Investment Company (Vision Invest), and Gulf Investment Corporation (GIC) closed the financing arrangements for the Juranah Independent Strategic Water Reservoir …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bonds (T-bonds) at a value of EGP 3 billion through one issue on Monday, 3 June. The offering will mature in three years on 4 June 2027, according to official data. Additionally, …
Cairo – Mubasher: EFG Hermes ONE, the online trading platform of EFG Hermes, and has entered into a partnership with Banque Misr and PayTabs Egypt. The partnership allows for the introduction of a new debit card top-up feature on the EFG Hermes …
