MagazineTechnologyThe power of evolutionary AIInternational Finance Business DeskSeptember 21, 2020October 14, 2020 by International Finance Business DeskSeptember 21, 2020October 14, 2020 The technology has the potential to discover new objects and behaviours to deliver highly-personalised customer solutions... Read more
FeaturedTelecomEFG Hermes, Citibank to carry out Vodafone Egypt acquisitionInternational Finance Business DeskSeptember 17, 2020 by International Finance Business DeskSeptember 17, 2020 If the deal comes through, Telecom Egypt will restructure its mobile operator unit and merge it with Vodafone Egypt... Read more
BankingFeaturedBank of Bahrain and Kuwait implements digital transaction banking platformInternational Finance Business DeskSeptember 17, 2020 by International Finance Business DeskSeptember 17, 2020 The platform would benefit the Bank of Bahrain and Kuwait in terms of cost to provide innovative services for corporate clients... Read more
BankingFeaturedDeutsche Bank to increase lending to commodity traders in the Middle EastInternational Finance Business DeskSeptember 14, 2020 by International Finance Business DeskSeptember 14, 2020 The move is anticipated to double the size of its business in the region... Read more
Banking and FinanceFeaturedEgypt signs $2 bn loan with regional and international banksInternational Finance Business DeskSeptember 1, 2020 by International Finance Business DeskSeptember 1, 2020 Emirates NBD Capital and First Abu Dhabi Bank are the joint coordinators and lead managers of the deal... Read more
BankingFeaturedCaritas Microfinance Bank joins Kenya Bankers AssociationInternational Finance Business DeskAugust 25, 2020 by International Finance Business DeskAugust 25, 2020 Straps: With that, the total number of members in the association has reached to 47 banks... Read more
BankingFeaturedDTB Kenya to receive Sh5.4 bn loan from IFCInternational Finance Business DeskAugust 13, 2020 by International Finance Business DeskAugust 13, 2020 The loan will help the bank to finance SMEs that are largely affected by the protracted pandemic... Read more
BankingFeaturedStandard Chartered to slash jobs on the back of profit dipInternational Finance Business DeskJuly 30, 2020 by International Finance Business DeskJuly 30, 2020 The bank has drafted a list of several hundred employees who will be eliminated as part of its cutback programme... Read more
BankingFeaturedThe National Bank of Iraq sees growth despite the pandemicInternational Finance Business DeskJuly 2, 2020 by International Finance Business DeskJuly 2, 2020 The National Bank of Iraq ranks first in the country in terms of growth in customer deposits and net credit facilities... Read more
BankingFeaturedEquity Bank seeks to become trillion shilling over next two yearsInternational Finance Business DeskJuly 2, 2020July 2, 2020 by International Finance Business DeskJuly 2, 2020July 2, 2020 The bank is close to completing the Democratic Republic of the Congo commercial bank transaction... Read more