Kuwait to Loan Egypt $30 Million to Support SMEs

Egypt’s third biggest public lender, Banque Du Caire is close to securing a foreign loan from the Kuwait Fund for Arab Economic Development worth $30 million according to an insightful source.


Saudis Seek Advisers for Major Bank Merger

The proposed combination has the backing of the Public Investment Fund, the sovereign wealth fund that owns about 44 percent of National Commercial Bank and 22 percent of Riyad Bank, the people said.


MCB Bank partners with Bank Al Jazira

Speaking about the agreement, Sami Hamad Al Rajhi said, “Fawri is one of the fastest growing money transfer services in Saudi Arabia, with Pakistan being one of our largest remittance recipient corridors.