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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 …

Jacques-Emmanuel Blanchet

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 …

Mohamed Samir

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 …

Daily News Egypt

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 …

Daily News Egypt

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 …

Hossam Mounir