The facility, which comes with a seven-year term, is eligible for issue under the umbrella of the Central Bank of Egypt (CBE) initiative granting loans with an interest rate of 8%.
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Company’s Morocco factory will start operations by beginning of 2021, says Shams Eldin
The government initiated structural reforms to welcome greater levels of investment and business activity
The bank aims to enhance its local spread and be the best and closest choice to clients, says Elwy
Oger Middle East Holding Company, owned by the Hariri family, sold its share in the Arab Bank on Wednesday. The company’s share, which amounted to about 20% of the bank’s shares, was sold to a group of Jordanian and Arab investors, including Sabih El-Masry, the current chairperson of the board of directors of the bank, …
Banking sector accounts for 77% of total outstanding balances of bills
Alex Bank and the National Bank of Abu Dhabi will act as account banks
The second US Circuit Court of Appeals in New York rejected claims filed by foreign (non-American) plaintiffs against the Arab Bank. About 6,000 plaintiffs had filed lawsuits against the Arab Bank, calling for compensation for damages under the Alien Tort Statute, in which a New York District Court rendered a first-degree ruling on 23 August …
The bank’s capital adequacy ratio stood at a strong level of 14.6%.
Banks allow use of applications by clients and non-clients to check accounts, keep track of exchange rates and currency conversion
Arab Bank’s growth has long been tied to its regional and global expansion, with a strong presence in Egypt and North Africa alongside the Gulf