Latest in Highlight
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HSBC launches SWIFT gpi technology 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.
HSBC, Citibank compete to assess Siemens power plants
Egypt’s sovereign wealth fund to name the winning financial advisor within days
Egypt’s real estate accounts for 16% of GDP, employs 5% of labour force: HSBC
HSBC Economics Team remain positive on its view on the economic outlook for Egypt
Strong sales growth instils confidence in Egyptian businesses: HSBC
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.
Egypt becoming more business friendly, progressing toward digital economy: Blanchet
Banks play an important role in supporting, promoting FDI, financial inclusion
US enshrining of FX controls to carry serious implications for global market: HSBC
Moving parts involved in current trade negotiations are similar to those evident during mid-1980s
EFG Hermes Leasing, HSBC team up to finance capital expansion of SMEs
Agreement supports CBE initiative to strengthen sector, raises its contribution to formal economy
Digital banking gains momentum in Egypt
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 …
Businesses feel confident about success as Egypt’s market dynamics improve: HSBC
Advanced technologies play a catalytic, powerful role in accelerating national economic growth: Tawfik
Egypt ranks 15th in long-term growth: HSBC
Report forecasted GDP to reach $0.4tn by 2030 up from current $0.2tn
HSBC Egypt launches virtual cards for business customers
This is an exciting opportunity to invest in digital banking for our customers in Egypt, as country eagerly embraces new technologies, says Badawi
HSBC named lead bank for 20% listing of Egypt’s AMOC IPO: ministry
Offering aims at raising up to EGP 2.8bn
MSCI Emerging Markets Index inclusion is game changer for Saudi Arabia’s capital markets: HSBC
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 …
Currency devaluation, reform open new chapters for trade: HSBC
Pound floatation in 2017 contributed to bridging trade deficit, as exports improved
Benefits of economic reform in Egypt are outstanding: HSBC’s chief economist for CEEMEA
We remain fundamentally optimistic regarding our economic expectations for Egypt in near future: Williams
Credit Suisse, HSBC reportedly arranging $700m loan for EEHC
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 …
HSBC, JP Morgan, Morgan Stanley, Citibank, NBAD to arrange Egypt’s next eurobond issuance
Five international banks were chosen to arrange Egypt’s dollar-denominated eurobond issuance on 5 January 2018. The institutions are HSBC, JP Morgan, Morgan Stanley, Citibank and the National Bank of Abu Dhabi (NBAD), Finance Minister Amr El-Garhy announced on Thursday. El-Garhy said the $4bn eurobond issuance will be at the end of January 2018, which is …
HSBC awarded Best Cash Manager in Egypt
HSBC bank was awarded as the Best Domestic Cash Manager for the eighth consecutive year by both corporations and financial institutions in the Euromoney Cash Management Survey 2017. HSBC was also awarded Best Regional Cash Manager in the Middle East, the bank’s ninth win since 2009, and it retained its title as Best Global Cash …
British companies operating in Egypt intend to increase investments
The New Investment Law offers incentives to investors, and the investment map will include various investment opportunities, says Nasr
Reform implementation is key, broader challenge is to leverage high inflation environment: HSBC
The HSBC Bank Middle East Ltd has published its report about Egypt’s fiscal targets and economic performance for the first quarter (Q1) of 2017, saying that “Egypt registered a budget deficit of around EGP 800bn in Q1 2017, up 20% in nominal terms from Q1 2016, but down 0.5ppts to 12.4% as a share of …
HSBC likely to move staff to Paris
Egypt’s construction sector is most prosperous in the MENA region: HSBC
The MENA construction sector is surprisingly diverse in terms of exposure, profitability, and metrics, making it difficult to draw broad conclusions, yet currently Egypt is the most prosperous construction market in the Middle East and North Africa (MENA) region despite the effect of the currency’s devaluation and the high inflation rate, according to HSBC’s “MENA …
Egypt’s long-term trade outlook positive despite current challenges: HSBC Egypt Trade report
China, India, and Bangladesh projected to be fastest growing export markets in 2021-2030
US dollar registers new peak, jumps to EGP 19 at HSBC
The US dollar price jumped against the Egyptian pound to register its highest level ever at the Central Bank of Egypt (CBE) and banks operating in the domestic market on Wednesday. The official price of the US dollar against the Egyptian pound, according to the CBE’s transactions on Wednesday, registered EGP 18.4507 for buying and …
Egypt ranks 44 in HSBC Expat Explorer report, Singapore secures top spot for 2nd year
Emerging economies offer more opportunities to start or grow a business, according to 44% of expat entrepreneurs
Interest remerging in MENA banks, especially Egypt, UAE, Saudi Arabia: HSBC Global Research report
Meetings with US fund managers and investors involved wide discussions on the Egyptian market and the Egyptian pound
Misr Financial Investments Company contracts with Hermes, HSBC to offer its Banque du Caire share on EGX
The company will remain the owner of the ruling share in the bank after the offering, says prominent banker
NBE, CIB, Banque Misr, QNB Al-Ahli, HSBC hold over half of banking sector’s total profits as of December 2015
The CBE said in a recent report that the net profit of the banks operating in Egypt reached EGP 35.882bn as of the end of December 2015
HSBC to introduce mortgage loans in 2016
Loans to be introduced to premier clients first
HSBC’s latest report shows that 75% of Egyptians are not ready to retire: executive
The bank saw growth in its asset lending book in 2015, reaching 16%, but a drop in the liability front during fourth quarter of the year because the saving certificates issued locally