Economy

Gulf International Bank B.S.C. (GIB) recently announced that it has become a signatory to the Women’s Empowerment Principles (WEPs). Established by UN Women and UN Global Compact, WEPs are a …

The CIB Foundation, the bank’s non-profit organization, has signed a financing agreement with Hand-in-Hand, non-profit organization, which aims to help improve the overall quality of life of the amputee population …

Egypt and China signed a memorandum of understanding (MoU) on the sidelines of the third Belt and Road Forum for a debt swap to fund development projects. The agreement was …

ALEXBANK announced the completion of the “GenderPro” training program on empowering women, especially women leaders, and teaching them how to overcome challenges in the workplace and master public speaking. The …

BankDhofar, one of Oman’s leading banks, announces Ladies Banking, a dedicated financial proposition designed exclusively to empower women. The bank is offering a host of exceptional features and privileges, such …

The joint technical assistance project “Strengthening Financial Inclusion and Banking Supervision in Egypt” has been completed by the Central Bank of Egypt (CBE), the European Union (EU), and the German …

The Central Bank of Egypt (CBE) has recently issued new instructions to regulate the use of credit cards for transactions in foreign currencies abroad. This comes amid concerns of misuse, …

Egypt has become the first country in the Middle East and North Africa to issue sustainable Panda bonds. The bonds, which total ¥3.5 billion ($500 million), will have a yield …

GameChange Solar, a global provider of solar racking solutions, announced that it has agreed to supply solar tracker systems to support a 560 MW capacity solar project in Egypt with …

International Finance Corporation (IFC), a member of the World Bank Group, and Banque Misr, Egypt’s second-largest public sector bank, have announced a partnership to increase access to finance for privately-owned …