BANKING

14 Dec 2017

Al Ahli Bank of Kuwait-Egypt seeks to directly finance SMEs in 2018

Kuwait-based Al Ahli Bank of Kuwait-Egypt (AKB) aims to directly finance small and medium enterprises during 2018, according to insightful sources.

The sources told Amwal Al Ghad that the SMEs funding is one of"...

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12 Dec 2017

European Investment Bank and Banque Misr provide €250 million to finance SMEs in Egypt

The European Investment Bank (EIB) has signed a financing agreement of €250 million with Banque Misr to finance investments by small and medium-sized enterprises (SMEs) and midcaps in the manufacturing and services sectors to improve their competitiveness in Egypt.

The"...

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11 Dec 2017

WorldRemit Raises $40m and Targets Egypt Expansion

Leading digital money transfer service WorldRemit has raised $40 million to drive its next phase of global growth, including an expansion of its Egypt operation. WorldRemit handles a growing share of the $600 billion remittance market. Within that market, Egypt is a key target for the company. Egyptians living overseas transfer billions of dollars worth of remittances back home and earlier this year, the Central Bank of Egypt said that remittances had surged following the floatation of the currency. WorldRemit’s mobile-first, digital model allows migrants to send money in a few taps directly from their phones or online instead of going......

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10 Dec 2017

World Bank signs $1.15bn loan with Egypt

The World Bank on Friday signed a $1.15bn loan with the Egyptian government, a final tranche of funds to support economic reforms in the country, the international lender said.

The deal was sealed on the sidelines"...

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09 Dec 2017

World Bank signs $1.15 billion loan with Egypt

The World Bank on Friday signed a $1.15 billion loan with the Egyptian government, a final tranche of funds to support economic reforms in the country, the international lender said.

The deal was sealed on the"...

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06 Dec 2017

A.M. Best Affirms Credit Ratings of The Bahrain National Insurance Company BSC (c)

(AETOS Wire)-- A.M. Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” of The Bahrain National Insurance Company BSC (c) (BNI) (Bahrain). The outlook of these Credit Ratings"...

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02 Dec 2017

Climatecoin: Crypto Carbon Revolution

(AETOS Wire)--CLIMATECOIN and CARBON TRADE EXCHANGE (CTX) – GEM, closed an agreement to create the first peer to peer decentralized platform for carbon credits trading/exchange in the world.

Climatecoin"...

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02 Dec 2017

Saint-Gobain Acquires Spin-Works International Corporation

(AETOS Wire)-- Saint-Gobain’s High-Performance Refractories business has acquired Spin-Works International Corporation, an innovative manufacturer of 3D-printed and extruded silicon carbide ceramic components that improve energy efficiency, recover waste heat and reduce emissions for customers in a wide range of high-temperature industrial processes. Spin-Works is based in Northeast, Pennsylvania (near Erie), and has approximately 20 employees. “We’re very pleased to have Spin-Works join Saint-Gobain,” says Laurent Tellier, Vice President of Saint-Gobain High-Performance Refractories. “This acquisition further expands......

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30 Nov 2017

Schlumberger Announces Fourth-Quarter and Full-Year 2017 Results Conference Call

(AETOS Wire)-- Schlumberger Limited (NYSE:SLB) will hold a conference call on January 19, 2018 to discuss the results for the fourth quarter and full year ending December 31, 2017.

The"...

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30 Nov 2017

Creative Artists Agency Names Steve Hasker CEO of CAA Global

(AETOS Wire)-- Leading entertainment and sports agency, Creative Artists Agency (CAA), announced today that industry veteran Steve Hasker has been appointed CEO of the recently structured CAA Global. He will manage the intersection between CAA's"...

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