Latest in Tag: Emirates NBD Highlight

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Latest in Tag: Emirates NBD

Emirates NBD Egypt PMI falls in January to 48.5

The Emirates NBD Purchasing Managers’ Index (PMI) for Egypt’s non-oil private sector fell from 49.6 in December to 48.5 in January, the lowest level since December 2017. There were nevertheless some promising data in the sub-components that could presage an improvement in the Egyptian economy in the coming months, according to Daniel Richards, MENA economist …

Daily News Egypt

Egypt PMI back to contraction in May: Emirates NBD

Egypt’s non-oil private sector activity continued to shrink in May to reach 49.2 points, down from 50.1 points in April. Nonetheless, the Purchasing Managers’ Index (PMI) score for May remained well above the long-term average, according to the latest Emirates NBD Egypt Purchasing Managers’ Index survey, published on Tuesday. However, according to the survey, there …

Mohamed Samir

Emirates NBD Egypt achieves EGP 1.18bn net profit at end-2017

We are working through three important strategic partnerships with Egyptian organisations to achieve the bank’s social goals in the areas of women empowerment, youth employment and support of people with special needs Emirates NBD Egypt’s business results show that the bank achieved a net profit of EGP 1.18bn in 2017 compared to EGP 925.5m in …

Daily News Egypt

10 banks offer EGP 6bn syndicated loan to Etisalat Egypt

A banking alliance of 10 major banks signed a syndicated long-term loan to Etisalat Egypt, amounting to EGP 6bn, to finance the purchase of the 4G licence and the new frequencies, as well as the repayment of the existing dues and the company’s operation expenses. The alliance included the National Bank of Egypt (NBE), the …

Daily News Egypt

Emirates NBD launches specialised unit for financing SMEs in Egypt

Emirates NBD announced the establishment of a specialised unit for financing small- and medium-sized enterprises (SMEs) in the framework of its commitment to implement the instructions of the Central Bank of Egypt (CBE), besides the bank’s quest to expand in financing these projects. SMEs are one of the most important sectors that contribute to advancing …

Hossam Mounir

Egypt begins economic recovery

Despite the number of layoffs increasing, Egypt’s private sector experiences its smallest downturn in almost a year, with recovery in output, job creation, inflation levels, and demand

Nicholas Mehling

Abraaj to sell 49% share in Network International

Abraaj Group agreed to sell its 49% share in Network International for electronic payment solutions in the Middle East and Africa region, for the benefit of Warburg Pincus and General Atlantic. Emirates National Bank of Dubai (Emirates NBD) will retain its share in the company which amounts to 51%

Daily News Egypt