AAIM is one of the financial subsidiaries of the Arab African International Bank (AAIB).
Latest by Hossam Mounir
Decision expected to boost stock market indicators, says EGX Chairman
It maintained the exchange rate of the dollar against the pound at this periodic auction at EGP 7.73, which led to stabilising the dollar price at banks at a bidding price of EGP 7.78 and an asking price of EGP 7.83.
Amer said he deactivated his Facebook account on 17 October, four days before his appointment as the new governor of CBE
Sources believe Amer is likely to agree to Federation of Egyptian Banks memo to reject tax
Six other banks await a judicial ruling for exemption
Bankers discuss new vision for Egyptian operations after Piraeus acquisition
Market awaits Amer’s new decisions on exchange rate, dollar deposit caps, and covering rest of temporary credit facilities granted by banks to importers
President Abdel Fattah Al-Sisi issued a decree on Thursday to restructure the Coordinating Council that manages fiscal and monetary policies set out in Article 5 of the CBE, Banking Sector and Money Law
The bank recorded EGP 445.6m net profits for the first nine months of 2015
Since becoming CBE governor in February 2013, Ramez faced many challenges, most notably attempts by the Muslim Brotherhood to change the operations of the institution. He worked hard to maintain the bank’s independence throughout the controversial period.
The bank is playing a large role in facilitating financial flows from Egyptians working in the Gulf region, particularly Kuwait and the UAE to Egypt, as well as flows by Kuwaitis working in Egypt, according to Constantinos St. Loizides, an NBK board member.
Cairo office is one of three in Arab region to ensure US expatriates of Arab origin, citizens, or Green Card holders are familiar with FATCA
Loans to be received in pounds and repaid in dollars; we are awaiting a reply within two days, says Tourism Investment Association head
Wadi Degla Holding, SANAD Fund keen on offering complete support for Global Lease to expand its business
This is besides other treasury bonds issued in US dollars in global markets, worth approximately $7.5bn, according to the Ministry of Finance.
Deputy Head of Credit Audit at Banque Misr Tarek Amin said the department is currently considering several proposals for financial leasing.
Regulating exchange market is at the top of the new board’s priorities, says Ismail Hassan
Banque du Caire attracts EGP 3.3bn and 5 banks to raise interest rates under government protection to investment certificates
Gamal Negm’s position as first Deputy-Governor was renewed, Lobna Helal returns to CBE as second Deputy-Governor
Gamal Negm, Lobna Helal appointed as Deputy Governors
New decision by the bank lists rice among the commodities that should be exported through Egyptian banks
The CBE accepted €732.2m out of this liquidity
Training banking staff will develop banking work in a manner that suits requirements of this age
Bank’s reports reports growth of 20% in first nine months of 2015, compared to same period of 2014
New tender to be issued for payment of old bills offered on 18 November
Payroll enhances sustainable development, government is currently working to achieve financial inclusion, says Assistant Minister of Planning
Egypt is among top five markets in which NBAD provides all banking services
Anticipating the central bank’s next move is difficult, says banker
North Africa region witnesses the most cooperation between Visa and its states’ governments, says Ayoub