AIB tops loan growth among banks, driven by institutional financing
NBE ranks second despite its huge portfolio, thanks to loans to major institutions
Sudan crisis: Army, RSF clash in Khartoum as violence escalates in Darfur
The Sudanese capital Khartoum has been witnessing ongoing clashes between the army and the Rapid Support Forces (RSF) since mid-April, as the conflict enters its eighth month. Eyewitnesses reported hearing…
Egypt’s outstanding balances of T-bills, T-bonds reach EGP 4.961trn by September end
Amount includes EGP 2.605trn in treasury bills and EGP 2.355trn in bonds, says Ministry of Finance
IATF 2023: Afreximbank earmarks $1bn to support African Collaborative Transit Guarantee Scheme
Scheme accelerate cross-border trade in Africa and save continent about $300m annually in transit costs, says bank’s president
Egypt, Norway call for ceasefire, aid in Gaza
Egypt’s President Abdel Fattah Al-Sisi and Norway’s Prime Minister Jonas Jahre Storr discussed the situation in Gaza and the need for a ceasefire in a phone call on Sunday. According…
Israel’s month-long assault on Gaza leaves thousands dead, hospitals paralysed
The Israeli military has been bombing the Gaza Strip for more than a month, targeting hospitals, schools, mosques, churches, and residential buildings. According to the Gaza Health Ministry, more than…
ACWA Power, Masdar, and SOCAR to develop 500MW of renewable energy projects in Azerbaijan
ACWA Power, the world’s largest private water desalination company and a leader in energy transition and green hydrogen has signed a Memorandum of Understanding (MoU) with Masdar, a global leader…
BEEAH, SIRC, and ALMQR join forces to create sustainable waste management company in Madinah
BEEAH, the Middle East’s leading sustainability and digitalisation pioneer, has signed an agreement with the Saudi Investment Recycling Company (SIRC), a wholly-owned subsidiary of the Saudi Public Investment Fund (PIF),…
Trade Minister confirms Egypt’s endeavour to achieve African economic integration
The 3rd edition of the Intra-African Trade Fair (IATF 2023) was inaugurated by Minister of Trade and Industry Ahmed Samir in Cairo on 9 November. The fair, which will run…
Afreximbank appoints Haytham El Maayergi as its new Executive Vice President of Global Trade Bank
Haytham El Maayergi has joined the African Export-Import Bank (Afreximbank) as its Executive Vice President of Global Trade Bank, succeeding Amr Kamel, former Executive Vice President of Business Development, and…