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Team will help institutions, corporates, and individuals’ transition to more sustainable economy
HSBC has ambitious business plans in the Middle East, North Africa and Turkey (MENAT), where a rebound in GDP and international trade will position the region as one of the fastest growing in the world over the coming decade. As the nine markets in which the bank operates in the region bounce back from the …
The local recognition was complemented by other HSBC successes, with the bank once again voted the top bank for cash management by corporates across the entire Middle East region.
About 83% of respondents from Egypt expect to return to profitability levels seen in the pre-novel coronavirus (COVID-19) pandemic period by the end of 2022, compared to 81% globally. This includes 14% that are either ahead or expecting to be back there by the end of this year.
Egyptian economy expected to grow by 2.5% in 2021, following 2.4% growth in 2020
Published on UN World Cities Day, the HSBC City Report focuses on a variety of cities in the region, namely Abu Dhabi, Cairo, Dubai, Istanbul, and Riyadh. It stresses the need for city and business leaders to use the COVID-19 pandemic as a catalyst for more diversified, more digitised, cleaner, and greener cities.
The minister referred to the recent “Regional Economic Prospects” report on Egypt’s economy, issued by the European Bank for Reconstruction and Development (EBRD), to highlight her remarks.
Middle East sustainable finance market is at an earlier stage of development than Europe, Asia, and North America
GCC economies to shrink on average by 5.6% y-o-y in 2020, before they rebound to show growth of 3.9% y-o-y in 2021, HSBC predicts
Like others, Egypt is leveraging digitisation processes to boost trade facilitation, support economy
The new Navigator report, “Building Back Better”, from HSBC Commercial Banking, shows that many firms neglected contingency planning in key operational areas such as technology, finance and sustainability prior to the crisis.
Hosting online lectures, workshops over longer period will provide our entrepreneurs with increased expert accessibility, says Nocentini
Bank has made strong contribution to all CBE initiatives to support economy in these difficult times
Roughly 80,000 will benefit from bank’s global $25m COVID-19 charitable fund, including nearly 34,000 in Egypt
SWIFT gpi technology enables financial institutions to provide greater transparency and end-to-end tracking of a transaction, with all involved parties receiving real-time confirmation when a payment is credited.
Egypt’s sovereign wealth fund to name the winning financial advisor within days
HSBC Economics Team remain positive on its view on the economic outlook for Egypt
HSBC’s latest survey ‘Navigator: Now, next and how for business’ over 9,100 companies in 35 countries and territories finds that 64% of businesses in Egypt are more optimistic now than they were this time last year.
Banks play an important role in supporting, promoting FDI, financial inclusion
Moving parts involved in current trade negotiations are similar to those evident during mid-1980s
Agreement supports CBE initiative to strengthen sector, raises its contribution to formal economy
In the embrace of new technology, every step counts in Egypt’s digital transformation, according to Jacques-Emmanuel Blanchet CEO, HSBC Egypt. Egypt’s banking architecture is getting a digital upgrade. Efficiency and personalisation are at the top of the list of preferences as one of the world’s oldest civilisations undergoes a very modern disruption. Progress and change Two …
Advanced technologies play a catalytic, powerful role in accelerating national economic growth: Tawfik
Report forecasted GDP to reach $0.4tn by 2030 up from current $0.2tn
This is an exciting opportunity to invest in digital banking for our customers in Egypt, as country eagerly embraces new technologies, says Badawi
Offering aims at raising up to EGP 2.8bn
MSCI’s decision to include Saudi Arabia in the MSCI Emerging Markets Index will be a game changer for Saudi capital markets, as the Saudi Stock Exchange (Tadawul) has already seen record international inflows this year in anticipation of the move, at around $3.5bn, Antoine Maurel, head of global markets MENAT at HSBC, told Daily News …
Pound floatation in 2017 contributed to bridging trade deficit, as exports improved
We remain fundamentally optimistic regarding our economic expectations for Egypt in near future: Williams
HSBC and Credit Suisse are reportedly arranging a syndicated loan of up $700m for the Egyptian Electricity Holding Company (EEHC), Reuters reported on Wednesday. According to the news agency’s sources, the loan, which may involve other banks, will be guaranteed by the Finance Ministry. It will have a grace period of five years, and is …