AAIB Reports Q3 Financial Results

Mon, 20 Nov 2023 - 05:47 GMT

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.

CBE, Kuwait Investment Authority allegedly selling combing 40% of AAIB next year

Mon, 13 Nov 2023 - 03:06 GMT

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

AAIB launches Mobile Banking Application to Keep Pace with its Customers’ Advanced Lifestyle

Tue, 27 Sep 2022 - 01:14 GMT

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.

AAIB grants EDECS LE1.8B to finance its project in Egypt's Dekheila port

Thu, 17 Feb 2022 - 03:55 GMT

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.

EBRD provide $15M loan to AAIB

Wed, 06 Nov 2019 - 04:53 GMT

The EBRD clarified Wednesday this loan comes within its support to improvements in the energy efficiency of Egyptian private sector businesses.

Body recovered from wreckage of plane carrying footballer Sala -UK investigator

Thu, 07 Feb 2019 - 12:57 GMT

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 provides $50M trade facility to Arab International African Bank

Tue, 04 Dec 2018 - 01:44 GMT

EBRD clarified that this step comes as part of the EBRD’s Trade Facilitation Program (TFP).

EBRD lends Arab African International Bank $30M to boost Egypt SMEs

Tue, 14 Nov 2017 - 11:40 GMT

While SMEs shape around 90 percent of all firms in Egypt and provide the majority of jobs, their access to finance remains a challenge

SODIC unit, AAIB ink deal to raise credit facility to LE1.4B

Thu, 24 Aug 2017 - 10:08 GMT

SOREAL for Real Estate Development had inked a LE 950 million medium-term loan with the bank in July to finance Villette project.