BANKING

07 Apr 2018

ALEXBANK, Jordan Post sign partnership to enhance remittances service

ALEXBANK has signed yesterday in Amman a partnership agreement with the Jordan Post to facilitate the transferring of remittances to Egypt.

The agreement was signed in the presence of HE. Majd Shweikeh - the Jordanian"...

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07 Apr 2018

Arab Development to distribute LE1.5 m for shareholders

Arab Development & Real Estate Investment (ADRI) declared in a statement sent to EGX, the ordinary general assembly was convened on April 04. The OGM approved the financial results for the fiscal period ending December 2017, as well as the profit distribution attributable to shareholders of LE1,550,591 for the same fiscal period. Moreover, the OGM ratified distributing 20% from the delayed profits of previous years for shareholders, in addition, deferring the employees' stake from distribution to the next year. arabfinance ...

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05 Apr 2018

Attijariwafa Bank, Expolink sign MoU to boost Egypt’s exports to Africa

The Attijariwafa Bank group signed a Memorandum of Understanding (MoU) with the Egyptian Exporters Association (Expolink) to cooperate in boosting Egypt’s exports to Africa.

Under the agreement, Attijariwafa"...

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03 Apr 2018

TSYS and Mashreq Bank Announce the Successful Implementation of PRIME℠ for Acquiring Services

(AETOS Wire) -- TSYS (NYSE: TSS) and Mashreq Bank announced today that Mashreq has successfully implemented TSYS’ PRIME software licensing solution, to enhance the bank’s customer-centric experiences for its merchants. TSYS is providing Mashreq"...

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02 Apr 2018

Dollar price stable at Egypt's major banks

The US dollar exchange rate was relatively stable at Egypt's major banks on Sunday.

The dollar rate reached LE 17.55 for buying and LE 17.65 for selling at the National Bank of Egypt and Banque Misr.

At Banque du Caire, the dollar exchange rate stood at LE"...

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02 Apr 2018

Beltone expects CBE to cut interest rates by 2% by end-FY 2017/2018

The research department of Beltone Financial predicted that the Central Bank of Egypt (CBE) will cut interest rates again, by 2%, at the end of the current fiscal year 2017/2018.

The CBE’s Monetary Policy"...

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28 Mar 2018

Egypt's central bank expected to cut rates further this Thursday

Research firms are expecting the Central Bank of Egypt’s Monetary Policy Committee to cut interest rates again this Thursday on the back of further inflation easing, according to statements by EFG Hermes, HC Securities and Pharos Securities.

Both"...

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28 Mar 2018

JCR Eurasia Rating Has Assigned Bahrain Middle East Bank B.S.C. Long Term National Credit Rating of ''AA-(Bhr)'' And Short Term National Credit Rating of ''A-1+ (Bhr)'' With ''Stable'' Outlooks on Both Ratings.

Bahrain Middle East Bank B.S.C. (henceforth the bank or BMB), was established in 1982 in the Kingdom of Bahrain. The Bank is licensed by the Central Bank of Bahrain (CBB) as a wholesale bank with rights to offer Islamic products. The Bank mainly"...

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25 Mar 2018

Attijariwafa Bank profits exceed EGP 1.1bn at end-2017

The performance indicators of Attijariwafa Bank Egypt revealed that the bank’s net profit exceeded EGP 1.1bn at the end of 2017, compared to EGP 663m in 2016, marking a growth of 68%.

The bank attributed"...

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