Emirates NBD-Egypt, Marakez offers EGP 395m loan for new IKEA store
This step reflects the bank’s efforts in supporting the Egyptian economy, says Azab
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Marakez develops Mall of Arabia with EGP 395m loan from Emirates NBD Egypt
The facility will be used to finance Mall of Arabia’s new development plans, including the development of Cairo’s first in-mall IKEA store in western Cairo with a gross leasable area of 22,000 sqm.
Egypt’s PMI improves slightly, yet still in contractionary territory
According to the PMI, the average of 49.4 over the second quarter (Q2) of 2019 was the strongest since Q3 last year, and was noticeably better than the long-run series average of 48.4.
Egypt’s non-oil private sector’s activity decline to lowest point since September 2017
Country’s non-oil private sector activity declined to 48.2 in February, down from 48.5 in January
Egypt’s PMI declined to slowest level since December 2017
State’s non-oil private sector activity declined to 48.5 in January down from 49.6 in December: NBD PMI
Bureaucracy, greatest enemy, gaining more power necessary: says Al Damaty
According to a board member of Emirates NBD Egypt, former Financial Policy Researcher at the International Monetary Fund (IMF) Sahar Al Damaty, bureaucracy is the significant challenge that the new fund will suffer from, unless all concerned bodies work on eliminating it. “If the investor found himself restricted by complicated procedures, with an infinite number …
Emirates NBD Egypt plans to expand digital services in Egyptian market: CEO
Bank attracted 3m smart wallets, plans to add services through Chatbot, Avatar, says Berro
Egypt’s non-oil private sector reached 49.4 in June up from 49.2 in May: NBD PMI
Businesses optimism improves supported by expectations of further investments, new contracts
Egypt’s non-oil business sector contracts slightly in March
Improvements in new export orders for third consecutive month, backed by weaker currency
EBRD boosts trade in partnership with Emirates NBD Egypt
$40m finance line to facilitate trade
Emirates NBD-Egypt to host Patrick Kluivert in Pyramids to promote tourism
The bank signed a partnership agreement with FC Barcelona to strengthen CBE’s financial inclusion initiative
Egypt non-oil business continued to deteriorate during June PMI
New export orders grew for its third consecutive month as weaker pound draws interest
Business contraction rates soften: Emirates NBD Egypt PMI
Sharp, albeit slower, contractions in output and new orders
EBRD lends NBD–Egypt $125m to support its capital base and stimulate growth
Emirates NBD-Egypt and the European Bank for Reconstruction and Development (EBRD) signed an agreement for a $125m subordinated loan to augment Emirates NBD Egypt’s capital base and support its growth strategy aimed at becoming a leading private sector bank in Egypt. The subordinated loan qualifies as a tier 2 capital as per the recently modified …
Inflation aggravates difficulties facing non-oil private sector
Emirates NBD Egypt PMI continues to signal decline amid steep inflation
Allianz Egypt, Emirates NBD-Egypt offer property and casualty insurance
The services are introduced to meet the increasing sophisticated needs of Egyptian customers
Overall deterioration in business conditions is strongest since July 2013: Emirates NBD-Egypt
High prices continue to drive downturn in non-oil private sector