Latest in Tag: Arab Bank Highlight
Latest in Tag: Arab Bank
NBE leads banking alliance to provide EGP 2bn in financing to Oilex
The National Bank of Egypt (NBE) is leading an alliance of banks working in the Egyptian market to arrange an increase in financing for Oilex, an Egypt-based international company for the extraction of multiple forms of oils.
Edita, Arab Bank sign EGP 105m medium-term loanÂ
The facility, which comes with a seven-year term, is eligible for issue under the umbrella of the Central Bank of Egypt (CBE) initiative granting loans with an interest rate of 8%.Â
Edita subsidiary obtains MAD 80m from Arab Bank – Morocco
Company’s Morocco factory will start operations by beginning of 2021, says Shams Eldin
Sustaining high levels of growth and investment is important for raising people’s incomes: Elwy
The government initiated structural reforms to welcome greater levels of investment and business activity
Arab Bank increase number of branches in Egypt to 41
The bank aims to enhance its local spread and be the best and closest choice to clients, says ElwyÂ
Hariri family sells its share in Arab Bank to group of investors
Oger Middle East Holding Company, owned by the Hariri family, sold its share in the Arab Bank on Wednesday. The company’s share, which amounted to about 20% of the bank’s shares, was sold to a group of Jordanian and Arab investors, including Sabih El-Masry, the current chairperson of the board of directors of the bank, …
State banks boost their investment in treasury bills by EGP 13.8bn in July: CBE
Banking sector accounts for 77% of total outstanding balances of bills
EGP 2.5bn syndicated loan to Majid Al Futtaim
Alex Bank and the National Bank of Abu Dhabi will act as account banks
Lawsuits against Arab Bank rejected before US courts
The second US Circuit Court of Appeals in New York rejected claims filed by foreign (non-American) plaintiffs against the Arab Bank. About 6,000 plaintiffs had filed lawsuits against the Arab Bank, calling for compensation for damages under the Alien Tort Statute, in which a New York District Court rendered a first-degree ruling on 23 August …
Arab Bank registers $217.2m net profit in Q1 2015
The bank’s capital adequacy ratio stood at a strong level of 14.6%.
28.5% of Egyptian banks provide mobile banking
Banks allow use of applications by clients and non-clients to check accounts, keep track of exchange rates and currency conversion
Jordan’s Arab Bank net profit rises 43% in 2013
Arab Bank’s growth has long been tied to its regional and global expansion, with a strong presence in Egypt and North Africa alongside the Gulf