Cairo – Mubasher: Banque Misr has signed an EGP 500 million credit facility agreement with Tanmeyah, a subsidiary of EFG Holding, aimed at providing support to micro and small enterprise businesses. The agreement will offer Tanmeyah a range of …
Cairo – Mubasher: The National Bank of Egypt (NBE) increased its stake in the Export Development Bank of Egypt (EBank) and three other companies, according to bourse disclosures. Through its NBE DIFC, NBE purchased 950,000 shares in the EGX-listed …
Cairo – Mubasher: Egyptian furniture marketplace Kemitt has announced its expansion into the Saudi Arabia on the heels of a recent undisclosed funding round. The fresh injection of capital will fuel Kemitt's expansion plans by enhancing the …
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced treasury bonds (T-bonds) at a combined value of EGP 8 billion through two issues on Monday, 22 July 2024. The first auction was valued at EGP 3 billion, carrying a maturity period of two …
Cairo – Mubasher: The consolidated net profits of Commercial International Bank-Egypt (CIB) increased to EGP 27.54 billion in the first half (H1) of 2024 from EGP 14.05 billion in H1-23. Net interest income amounted to EGP 41.53 billion as of 30 …
Mubasher: Primary debt issuances of bonds and sukuk in the Gulf Cooperation Council (GCC) countries surged to $75.50 billion in the first half (H1) of 2024, marking a 38% year-on-year (YoY) increase from $54.80 billion. Saudi Arabia led the GCC …
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced Thursday, 25 July 2024 as a holiday for all banks operating in the country in celebration of the 23 July Revolution. Banks will resume works on Sunday, 28 July, according to a cabinet …
Cairo – Mubasher: Egypt and the EU plan to activate a EUR 1.80 billion investment guarantee mechanism to stimulate local and foreign investments in mutually beneficial sectors, according to a press release. Rania El-Mashat, Minister of Planning, …
Cairo – Mubasher: MNT-Halan, Egyptian first unicorn and fintech leader, has secured $157.50 million in new funding. The financing round includes $40 million investment from the International Finance Corporation (IFC), with contributions from …
Abu Dhabi – Mubasher: The National Bank of Ras Al Khaimah (RAKBANK) has completed the issuance of its five-year Euro Medium-Term Note (EMTN) bond under its Social Finance Framework. The lender offered a $600 million issue, which was oversubscribed …
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a combined value of EGP 65 billion through two tranches on Sunday, 21 July 2024. The first auction was valued at EGP 40 billion and will mature in 91 days on 22 …
Cairo – Mubasher: The Central Bank of Egypt (CBE) has offered treasury bills (T-bills) at an aggregated value of EGP 75 billion over two issues on Thursday, 18 July 2024. The first auction totalled EGP 30 billion with a 182-day tenor until 21 …
Cairo – Mubasher: The unconsolidated net profit of Faisal Islamic Bank of Egypt leapt by 142.50% year-on-year (YoY) to EGP 6.55 billion in the first half (H1) of 2024 from EGP 2.70 billion. Total revenues jumped by 68.10% YoY to EGP 16.34 billion …
Cairo – Mubasher: Coca-Cola HBC Egypt has secured a $130 million loan from the European Bank for Reconstruction and Development (EBRD) to fund the company’s capex and working-capital requirements. The Global Environment Facility (GEF) will also …
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) and bonds (T-bonds) at a combined value of EGP 143 billion through six tranches on Sunday and Monday, 14 and 15 July 2024. The CBE auctioned T-bills totalling EGP …
Riyadh – Mubasher: Oil and gas drilling services provider ADES Holding Company has amended its existing syndicated facility, obtaining an additional $3 billion multi-tranche dual-currency financing on 14 July 2024. The majority of existing lenders …
Riyadh – Mubasher: Stride Ventures, a global venture debt firm from India, marked a key milestone in its international strategy by announcing its first $1 million venture debt investment in Maalexi as part of a broader GCC commitment. The funding …
Cairo – Mubasher: The Financial Regulatory Authority (FRA) passed the request of Egyptian Gulf Bank (EG Bank) to increase its issued and paid-up capital to $510.10 million from $499.50 million. The $10.60 million raise will be distributed over …
Cairo – Mubasher: The consolidated net profits of Qatar National Bank Al Ahli (QNB) jumped year-on-year (YoY) to EGP 13.74 billion in the first half (H1) of 2024 from EGP 8.66 billion. QNB reported net interest income amounting to EGP 19.81 …
Mubasher: The National Bank of Kuwait (NBK) has entered into a five-year strategic partnership agreement with Software AG, a leading technology solutions company, to utilise its Super iPaaS solution as a unified platform for integrating …
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bonds (T-bonds) at a total value of EGP 8.25 billion over three tranches on Monday, 8 July. The first auction was valued at EGP 3 billion, holding a tenor of two years until 2 July …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a combined value of EGP 65 billion through two offerings on Sunday, 7 July. The first auction was valued at EGP 40 billion and will mature in 91 days on 8 …
UAE - Mubasher: Mastercard has entered into a partnership with the UAE-based LuLu Group to boost sustainability, innovation, and efficiency in retail payments across the six GCC markets. The partnership, extending across Bahrain, Kuwait, Oman, …
Cairo – Mubasher: The extraordinary general meeting (EGM) of Export Development Bank of Egypt (EBank) has approved raising the authorised capital to EGP 20 billion from EGP 10 billion. The EGM also ratified increasing the bank’s issued and paid-up …
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 75 billion through two issues on Thursday, 4 July. Holding a tenor of 182 days until 7 January 2025, the first issue was valued at EGP 30 …
