AAIB
Tamer Waheed, Vice Chairman & Managing Director, commented, “Our change in vision and strategy, supported by the efforts of 3000+ AAIBians since early 2023, is undoubtedly translating into tangibly changing results.
AAIB today reported the financial results for Q3 2023. Tamer Waheed, Vice Chairman and Managing Director, commented on the quarter results: “The bank delivered another quarter of exceptional results” determined to regain lost market share.
The two will allegedly sell off 20% of their stake in the AAIB to an undisclosed strategic investor, as well as a stake sale on the Egyptian Exchange
Since AAIB constantly prioritizes its customers, the bank is always keen to provide services that respond to their different needs, in the most convenient way.
The project is being built on an area of 240,000 square meters between Alexandria and Dekheila port, with the aim of establishing a group of warehouses and linking them maritimely to facilitate loading and unloading of ships in the port, and linking them by land to the Petrochemical Industry Complex in Al-Nahda area in Alexandria.
The EBRD clarified Wednesday this loan comes within its support to improvements in the energy efficiency of Egyptian private sector businesses.
A body has been recovered from the wreckage of the plane that was carrying Argentina-born professional soccer player Emiliano Sala and pilot David Ibbotson, the Air Accidents Investigation Branch (AAIB) in Britain said late on Wednesday.
EBRD clarified that this step comes as part of the EBRD’s Trade Facilitation Program (TFP).
While SMEs shape around 90 percent of all firms in Egypt and provide the majority of jobs, their access to finance remains a challenge
SOREAL for Real Estate Development had inked a LE 950 million medium-term loan with the bank in July to finance Villette project.
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