A consortium of nine Egyptian banks is set to secure 13.5 billion Egyptian pounds ($745.8 million) to …
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Arab African International Bank (AAIB)
Arab African International Bank is a Joint Venture between the Central Bank of Egypt (CBE) and Kuwait Investment Authority (KIA). With each party holding a 49.37% stake, the Central Bank of Egypt and the Kuwait Investment Authority are the core of AAIB’s shareholder base.
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Egypt’s Arab African International Bank (AAIB) plans to complete upgrading its information technology systems before June, sources …
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Financial Institutions
IFC loans AAIB bank $100 million to support Egypt SMEs, energy projects
by Yomna Yasserby Yomna YasserThe International Finance Corporation (IFC), a member of the World Bank Group, has provided a $100 million …
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Banks
AAIB bank, Germany’s SANAD Fund team up to form Egyptian microfinance firm
by Yomna Yasserby Yomna YasserCairo-based Arab African International Bank (AAIB) and SANAD Fund for MSMEs, part of the German state-run Kfw …
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Banks
CIB, AAIB studying new financing for Egypt’s Madinet Nasr Housing
by Yomna Yasserby Yomna YasserEgypt’s largest listed lender, Commercial International Bank (CIB) along with the Arab African International Bank (AAIB) are …
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The International Finance Corporation (IFC), a member of the World Bank Group, approves to provide Egypt’s Arab …
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Banks
Egypt’s National Bank, AAIB agree on best-efforts syndication deal for Rooya
by Yomna Yasserby Yomna YasserEgypt’s biggest bank, state-run National Bank of Egypt (NBE) and the Arab African International Bank (AAIB) agreed …
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forex news
Dollar vs Egyptian pound at early interbank trade in 17 banks
by Yomna Yasserby Yomna YasserThe table below demonstrates the selling and buying prices of dollar against the Egyptian pound in 17 …
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forex news
Egyptian pound drops near 18 against U.S. dollar in interbank trade
by Yomna Yasserby Yomna YasserThe Egyptian pound further dropped to 18 to the U.S. dollar during interbank dealings on Monday as …
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forex news
Dollar vs Egyptian pound at early interbank trade in 15 banks
by Yomna Yasserby Yomna YasserThe table below demonstrates the selling and buying prices of dollar against the Egyptian pound in 15 …