Abu Dhabi Islamic Bank Egypt (ADIB Egypt), part of the UAE's largest sharia-compliant lender, posted a 44 percent rise in annual net profit, its chief executive announced on Monday.
The bank made a net profit of 1.228 billion Egyptian pounds ($78.7 (...)
Central Bank of Egypt's (CBE) seeks to renew its initiative to support small- and medium-sized enterprises (SMEs) for another four years, according to governor Tarek Amer.
Speaking to DMC, Amer added that CBE is currently studying the SMEs porfolio (...)
Banque Misr, Egypt's second largest bank, will expand its banking presence in 15 new markets across Africa, its chairman Mohamed Eletreby told Amwal Al Ghad on Tuesday.
"We have obtained the Central Bank of Egypt's approval to open a BM branch in (...)
Egypt's infrastructure contractor Kharafi National has submitted an offer to build a $25 million power plant in Ghana, said a senior official in the company on Tuesday.
"The company is responsible for executing the engineering works and running the (...)