UAE Central Bank calls for immediate investigation of Banque Misr branches following US alert
UAE Central Bank Investigates Banque Misr The Central Bank of the UAE is set to carry out an urgent investigation into the activities of Banque Misr’s branches in the country. This action follows concerns raised by the US regarding potential money laundering practices associated with the bank. The inquiry will involve a detailed examination focused […]
NBE and Banque Misr secure EGP 8 billion syndicated loan for Palm Hills New Cairo project
Financing Facility for Palm Hills New Cairo The National Bank of Egypt (NBE) and Banque Misr have jointly established an EGP 8 billion long-term syndicated financing arrangement for Palm for Investment and Real Estate Development, a subsidiary of Palm Hills Developments. This financing aims to cover a portion of the investment expenses associated with the […]