Export Development Bank of Egypt (EBE) has entered into an agreement with the African Export-Import Bank (Afreximbank) …
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"Industrial Development bank"
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Industry & Trade
Singapore to build industrial city in Egypt’s Fayoum
by Yomna Yasserby Yomna YasserEgypt’s Industrial Development Authority (IDA) and the Singapore Holding Company (SECC) signed Tuesday a memorandum of understanding …
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The S&P 500 hit a record closing high for the second day in a row on Tuesday, …
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Banks
Egypt’s IDWBE bank launches subsidiary to provide leasing services
by Yomna Yasserby Yomna YasserEgypt’s Industrial Development and Workers Bank (IDWBE) said Tuesday it had launched a wholly-owned subsidiary, Tanmeyah Leasing. …
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Banks
IDWBE bank ups 2017 net profit target to 500 mln Egyptian pounds
by nada nasserby nada nasserState-run Industrial Development and Workers Bank of Egypt (IDWBE) has raised its targeted net profit for 2017 …
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Banks
PwC to conduct Egypt IDWBE bank restructure scheme in 6 months
by Yomna Yasserby Yomna YasserEgypt’s Industrial Development and Workers Bank (IDWBE) has signed an agreement with U.S. accountancy firm PricewaterhouseCoopers aimed …
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Banks
Banque Misr to receive Afreximbank’s $200 mln SME facility in July – official
by Yomna Yasserby Yomna YasserThe African Export-Import Bank (Afreximbank) will provide Egypt’s second largest bank, state-owned Banque Misr with $200 million …
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Banks
World Bank disburses $125 mln tranche for Upper Egypt development: minister
by Yomna Yasserby Yomna YasserThe World Bank has disbursed $125 million in financial assistance to Egypt out of its $500 million …
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forex news
Egyptian pound flotation poses challenges for banks’ 2016 financial positions
by Yomna Yasserby Yomna YasserThe decision of the flotation of the pound towards the end of last year affected all banks …
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Arab
Gulf stocks move narrowly, Abu Dhabi Commercial Bank up on earnings
by Yomna Yasserby Yomna YasserGulf stock markets moved early Monday narrowly in quiet trade, although Abu Dhabi Commercial Bank (ADCB) rose …