BANKING

27 Apr 2017

Mastercard and McDonald’s announce cashless payment options in Egypt

Mastercard and McDonald’s have entered into a strategic collaboration that will bring simpler and faster payment options to all McDonald’s customers when buying their favorite meal in store, at the drive thru or when ordering it online.

This"...

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24 Apr 2017

Egypt's Banque Misr secures $100mln for Huawei-led project

Egypt’s second largest state-run lender, Banque Misr has signed a $100 million financing deal with China’s Industrial and Commercial Bank (ICBC) designated for a Chinese Huawei-led project in Egypt.

The"...

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19 Apr 2017

Bank of America Reports First-Quarter 2017 Financial Results 

Bank of America reported its first-quarter 2017 financial results today.

The news release, supplemental filing and investor presentation can be accessed in the following ways:

19 Apr 2017

Earnings Release First Quarter 2017

Al Khalij Commercial Bank (al khaliji) P.Q.S.C., in Qatar, announced its financial results for the first quarter of 2017, reporting a Net Profit of QAR 160.9 million. This represents an increase of 3% over its financial results for the same period"...

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18 Apr 2017

World Bank expects accelerated Egyptian economy growth rate in 2-year

The World Bank (WB) predicts that the growth rate of the Egyptian economy would accelerate to 4.6 and 5.3 percent in the 2017/2018 and 2018/2019 fiscal years respectively.

In a fresh report issued on Monday17/4/2017,"...

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11 Apr 2017

ALEXBANK, ILO & SFSD sign MoU to provide job opportunities in rural areas

As part of a fruitful cooperation among parties concerned with sustainable development, ALEXBANK, Professional Development Foundation (PDF), Sawiris Foundation for Social Development (SFSD) and International Labor Organization (ILO) signed a Memorandum of Understanding (MoU) to launch"...

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11 Apr 2017

Household sector accounts for 75% of deposits at banks in December

The household sector made up about 75% of total deposits at banks in December 2016, according to the Central Bank of Egypt (CBE). The CBE said in a recent report that total bank deposits stood at about EGP 2.761tn at the end of December 2016, compared to about EGP 2.714tn at the end of November 2016. Bank deposits registered an increase of about EGP 46.6bn, with an increase in the growth rate of 41.66% at the end of December compared to the previous month. The report noted that this rate drops to about 20.75% when the impact of the flotation......

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10 Apr 2017

Ferring Announces Exclusive Agreement with Alrise Biosystems for the Development of an Injectable, Controlled-Release Peptide

(BUSINESS WIRE) -- Ferring Pharmaceuticals and Alrise Biosystems announced today that the companies have entered into a development agreement with exclusive option rights for Ferring to leverage Alrise’s ImSus® Technology Platform for the development of an injectable, controlled-release"...

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10 Apr 2017

A New Capital in Egypt and Banking in Britain: The Week in Global-Affairs Writing

“The next day, a doctor inserted a feeding tube through Georgi’s nostril. ‘He showed no resistance,’ Soslan said. ‘Nothing.’ Georgi was given a diagnosis of uppgivenhetssyndrom, or resignation syndrome, an illness that is said to exist only in Sweden, and only among refugees. The patients have no underlying physical or neurological...

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10 Apr 2017

Ahli United Bank launches new initiative to promote Egypt exports

Egypt, part of Bahraini Ahli United Bank Group, has launched late Saturday a new initiative to boost Egypt’s exports, in cooperation with Cairo-based EGY ACTIVE Company.

Other export councils and governmental"...

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