Financial institutions in Egypt
-
Egypt wins first place in Arab FinTech Challenge
Egypt's EZRAALI project wins first place in Arab FinTech Challenge in Dubai. 2nd consecutive win for Egypt.
-
IFC to invest $605 mln for climate finance
$605 million to support climate finance, sustainable tourism, and financial inclusion for micro, small, and medium enterprises (MSMEs) in Egypt.
-
United Bank's IPO oversubscribed by almost 6x
The United Bank has set ambitious targets for its net profit, aiming to reach 3.071 billion LE by the end of 2025, 3.821 billion in 2026.
-
Egypt & Spain partner for €800k two development projects in Egypt
The first grant, worth €500,000, is dedicated to enhancing wastewater treatment and reuse in Egyptian sugar factories.
-
Egypt’s AAIB issues landmark $500 mln sustainability bond to promote finance
Arab African International Bank (AAIB) issued Sunday a landmark $500 million sustainability bond to accelerate Egypt’s green transition.
-
Islamic Banking In Egyptian Market Increases To EGP 1.080Trn
This substantial growth is attributed to the transformation of Al-Ahli United bank into an Islamic bank following its Acquisition by Kuwait Finance.
-
NARSS, GIZ discuss research cooperation projects
The meeting discussed opportunities to leverage GIZ’s focus on supporting agricultural projects and small farmers.
-
Egypt’s central bank achieves LE 107.7B in net profits by October 2024
The statement further indicated that total equity rose to LE 162.413 billion, compared to LE 150.667 billion in September.
-
Egypt agrees to 10 new IMF conditions
IMF led by Ivana Vladkova Hollar, issued a statement at the conclusion of its visit to Egypt, which lasted from November 6-20.
-
Egypt FRA launches 1st regulatory sandbox to support fintech
This is the first regulatory sandbox in the non-banking financial sector to foster startups' growth with innovative digital solutions.