Emirates NBD Egypt Launches New Campaign to Boost Investments
New clients who join the campaign will get an immediate cash-back up to EGP 50,000
Latest in Tag: Emirates NBD Highlight
Latest in Tag: Emirates NBD
Taj Holding acquires Emirates NBD’s financial leasing subsidiary
Mostafa Khalil, the Chairperson of the Group International Construction Company, according to the acquisition deal, Taj Misr has become the first real estate development company in the New Administrative Capital (NAC) to own a financial leasing company.
Emirates NBD – Egypt to finance agricultural wastewater treatment plant in North Coast
New plant will secure irrigation water to half a million feddan of reclaimed land in Egypt’s Western Desert
Emirates NBD eyes acquisition of Bank Audi Egypt alongside BLOM Bank
BLOM Bank Egypt reportedly received takeover offer from First Abu Dhabi Bank
Emirates NBD – Egypt contributes to financing Farm Frites’ new factory
Bank to expand in financing large companies to support economic development in Egypt, says Azab
Egypt’s non-oil private sector slightly retracts in May as PMI hit 48.2: Emirates NBD
Bank maintains outlook that conditions will improve as GDP growth bolsters demand
Emirates NBD Egypt PMI falls in January to 48.5
The Emirates NBD Purchasing Managers’ Index (PMI) for Egypt’s non-oil private sector fell from 49.6 in December to 48.5 in January, the lowest level since December 2017. There were nevertheless some promising data in the sub-components that could presage an improvement in the Egyptian economy in the coming months, according to Daniel Richards, MENA economist …
5 major banks represent UAE in Egyptian market
List includes Emirates NBD, First Abu Dhabi Bank, Abu Dhabi Islamic Bank, UNB Egypt, Mashreq
Emirates NBD launches ‘Mazid’ investment fund with cumulative periodic return
Fund allows current, new clients to obtain highest return on investment: Berro
Egypt signs agreement with CI Capital, Jefferies bank, Emirates NBD to manage ENPPI’s IPO
IPO of stake in ENPPI announced, postponed many times; initially scheduled to take place before end of 2017
Egypt PMI rise in July to eight-month high of 50.3: Emirates NBD
Stronger GDP growth in 2018/19 supported by monetary policy normalisation, political stability, tourism recovery
Egypt PMI back to contraction in May: Emirates NBD
Egypt’s non-oil private sector activity continued to shrink in May to reach 49.2 points, down from 50.1 points in April. Nonetheless, the Purchasing Managers’ Index (PMI) score for May remained well above the long-term average, according to the latest Emirates NBD Egypt Purchasing Managers’ Index survey, published on Tuesday. However, according to the survey, there …
Emirates NBD Egypt achieves EGP 1.18bn net profit at end-2017
We are working through three important strategic partnerships with Egyptian organisations to achieve the bank’s social goals in the areas of women empowerment, youth employment and support of people with special needs Emirates NBD Egypt’s business results show that the bank achieved a net profit of EGP 1.18bn in 2017 compared to EGP 925.5m in …
Emirates NBD provides real estate funding up to EGP 5m
Emirates NBD-Egypt offers real estate loans worth up to EGP 5m.
Non-oil private sector returns to growth
Egypt’s PMI survey readings turns positive in November: Emirates NBD MENA economist
Egyptian non-oil private sector downturn eases in October
Business confidence hit a 26-month high, signaling strong optimism towards future growth prospects
Fee-free bank accounts with no minimum balance for customers and SMEs for one week from Emirates NBD
To support the initiative of the Central Bank of Egypt (CBE) and the Egyptian economy, Emirates NBD Egypt actively participates in the Arab Financial Inclusion Day through a variety of offers and advantages, as Emirates NBD Egypt will open fee-free bank accounts with no minimum balance for individuals, as well as SMEs, to promote the …
10 banks offer EGP 6bn syndicated loan to Etisalat Egypt
A banking alliance of 10 major banks signed a syndicated long-term loan to Etisalat Egypt, amounting to EGP 6bn, to finance the purchase of the 4G licence and the new frequencies, as well as the repayment of the existing dues and the company’s operation expenses. The alliance included the National Bank of Egypt (NBE), the …
Emirates NBD-Egypt aims to increase SME portfolio to 10% by end of 2017, 20% by end of 2019
Bank launches special unit to provide technical, financial support to SMEs, supports it with qualified experts and geographic expansion plan
Emirates NBD launches specialised unit for financing SMEs in Egypt
Emirates NBD announced the establishment of a specialised unit for financing small- and medium-sized enterprises (SMEs) in the framework of its commitment to implement the instructions of the Central Bank of Egypt (CBE), besides the bank’s quest to expand in financing these projects. SMEs are one of the most important sectors that contribute to advancing …
Egypt’s PMI declines in August
FocusEconomics forecasts 5.2% increase in total investments in FY 2016/2017
Egypt hits one year of recession
New report finds that downturn in Egypt’s business activity is still linked to inflation increase, foreign currency crisis, and introduction of VAT
Egypt begins economic recovery
Despite the number of layoffs increasing, Egypt’s private sector experiences its smallest downturn in almost a year, with recovery in output, job creation, inflation levels, and demand
Downturn of Egypt’s non-oil private sector continues in June: NBD Egypt PMI
Hopes for a stronger recovery heavily depend on a solution to the ongoing foreign exchange liquidity crunch, says Emirates NBD senior economist
EGP 2.5bn syndicated loan to Majid Al Futtaim
Alex Bank and the National Bank of Abu Dhabi will act as account banks
Emirates NBD grants Global Lease EGP 50m loan
Loan to increase company’s total investment obtained from debt to EGP 750m, and will be used to finance leasing activities
Emirates NBD renews partnership with Allianz Egypt for 5 years
We have ambitious plan to expand in Egypt and launch innovative products to meet clients’ needs, says de Melker
Abraaj to sell 49% share in Network International
Abraaj Group agreed to sell its 49% share in Network International for electronic payment solutions in the Middle East and Africa region, for the benefit of Warburg Pincus and General Atlantic. Emirates National Bank of Dubai (Emirates NBD) will retain its share in the company which amounts to 51%
International lenders see economic recovery in Egypt
IFC interested in investing in Suez Canal corridor project, says IFC MENA Director Mouayed Makhlouf
Suez Canal ceremony expenses collected: Canal Authority official
Donations ranged between $250,000 and $1m, the official noted