Latest news with #SuezCanalBank
Zawya
4 days ago
- Business
- Zawya
USD/EGP exchange rates hike at Egyptian banks on mid-Sunday
Arab Finance: The exchange rate of the US dollar to Egyptian pound surged during Sunday's opening session, with the dollar recording EGP 50.77 for buying and EGP 50.87 for selling at the Suez Canal Bank. At the United Bank, the exchange rate traded at EGP 50.50 for purchasing and EGP 50.60 for selling. At Banque Misr, the US dollar recorded EGP 49.57 for buying and EGP 49.67 for selling at 11:42 AM. The USD registered EGP 50.6 for buying and EGP 50.7 for selling at Faisal Islamic Bank of Egypt. Meanwhile, it hit EGP 50.59 for purchasing and EGP 50.69 for selling at both the National Bank of Egypt (NBE) as well as the Commercial International Bank Egypt (CIB). © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
See - Sada Elbalad
11-06-2025
- Business
- See - Sada Elbalad
Dollar Declines against Egypt Pound to 49.40
Taarek Refaat The US dollar exchange rate witnessed a significant decline against the Egyptian pound on Wednesday, in a number of banks. Most major banks recorded selling prices ranging between EGP 49.40 and EGP 49.68, reflecting the continued slight decline in the dollar's value in the banking market. The Suez Canal Bank recorded the lowest buying price for the dollar at EGP 49.40, while the National Bank of Kuwait recorded the highest selling price at EGP 49.68. At the central Bank of Egypt the greenback recorded to buy 49.42 and 49.56 to sell following Eid Al-Adha weekend. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks News Shell Unveils Cost-Cutting, LNG Growth Plan Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Daily News Egypt
03-06-2025
- Business
- Daily News Egypt
Suez Canal Bank, Mastercard send lucky cardholder to Venice Film Festival in exclusive ‘Spend & Win' campaign
Suez Canal Bank, in partnership with Mastercard, has successfully concluded its 'Spend & Win' campaign, awarding one lucky winner and a guest an exclusive, all-expenses-paid trip to the 82nd Venice International Film Festival — one of the world's most prestigious cultural events. This unique reward highlights the shared commitment of both institutions to deliver exceptional, lifestyle-enhancing experiences to their valued clientele. Running from May 9 to June 9, 2025, the campaign was open to Suez Canal Bank Mastercard Platinum credit cardholders. To qualify, participants needed to make at least one transaction of EGP 10,000 or more during the campaign period, with a total minimum spend of EGP 50,000 per card. Eligible cardholders were automatically entered into a draw for the grand prize: an unforgettable Venice Film Festival experience. The campaign spotlighted the Mastercard Platinum credit card, positioning it not just as a financial tool, but as a gateway to premium experiences around the world. Mohamed Assem, Country Manager for Egypt, Iraq, and Lebanon at Mastercard, stated: 'For over 25 years, Mastercard has led the way in connecting people to their passions through our Priceless platform. This collaboration with Suez Canal Bank continues that tradition by offering cardholders access to one of the globe's most iconic cultural events. It's a testament to how Mastercard turns everyday spending into unforgettable memories.' Akef Elmaghraby, CEO and Managing Director of Suez Canal Bank, said: 'We are proud to reward our winner with a truly exceptional experience at the Venice International Film Festival. This initiative reflects our vision of providing more than just financial services — it's about elevating our customers' lifestyles through exclusive partnerships like this one with Mastercard.' Suez Canal Bank's Mastercard Platinum credit card offers a wealth of benefits that go far beyond banking. Cardholders enjoy access to over 1,200 VIP airport lounges worldwide, a comprehensive medical tourism concierge for travelers, and premium discounts across travel, shopping, and entertainment. In addition, clients receive complimentary Concierge services — acting as a personal assistant to help manage daily tasks, including travel arrangements, personal shopping, and even government paperwork. This campaign is a clear reflection of Suez Canal Bank and Mastercard's ongoing strategy to redefine banking through innovation, exclusivity, and meaningful customer experiences. By transforming routine spending into opportunities for global adventures, the partnership continues to set a high bar in customer engagement and satisfaction.
bnok24
03-06-2025
- Business
- bnok24
Mastercard and Suez Canal Bank Award .. Exclusive, The Venice International Film Festival experience to one lucky winner
بنك قناة السويس Suez Canal Bank, in collaboration with Mastercard, has successfully concluded its Spend & Win Campaign), awarding one distinguished winner Plus One a once-in-a-lifetime experience at the 82nd Venice International Film Festival. This exclusive experience reflects both the Bank and Mastercard's ongoing commitment to providing unparalleled rewards and opportunities to their valued customers The (Spend & Win) campaign invited (Suez Canal Bank MasterCard platinum Credit Card holders) to participate from (9th of May 2025) till (9th of June 2025) To enter the Campaign, customers required to (Spend with his Mastercard platinum credit card at least one qualifying transaction with minimum amount EGP 10K during the campaign period with minimum qualifying spend amount per card of EGP 50K) Eligible participants who fulfilled the campaign requirements will automatically enter a Spend & Win campaign to win the grand prize: an exclusive trip to the 82nd Venice International Film Festival The campaign spotlighted specific Mastercard products, including (Mastercard platinum credit card), reinforcing their positioning as gateways to world-class experiences Mohamed Assem, Country Manager for Egypt, Iraq, and Lebanon at Mastercard, commented: 'For more than 25 years, Mastercard has stood as a global leader in connecting people to their passions through our Priceless platform. This collaboration with Suez Canal Bank is an exciting extension of that legacy. We are proud to offer our cardholders the opportunity to experience one of the world's most celebrated cultural events, highlighting how Mastercard continues to make dreams a reality for our loyal customers Akef Elmaghraby, CEO and Managing Director of Suez Canal Bank, said: 'We are proud to celebrate our winner's journey to the Venice International Film Festival — a truly exceptional experience. This initiative reflects our broader vision of enriching the lives of our valued Mastercard platinum credit card holders beyond traditional banking. through our collaboration with Mastercard, we continue to deliver exclusive opportunities that embody the luxury, sophistication, and ambition that define our customers' lifestyles Suez Canal Bank's portfolio of affluent Mastercard cards offers far more than just financial services — it's an entryway to a world of luxury. With a range of exceptional services and benefits, (Mastercard platinum credit card) cardholders enjoy seamless access to over 1,200 VIP airport lounges worldwide, and comprehensive medical tourism concierge for travel. Beyond that, cardholders gain access to exclusive discounts and offers that elevate their shopping and travel experiences, ensuring a life of unparalleled convenience, security, and prestige in addition to the exclusive Mastercard benefits, Suez Canal Bank is offering this premium card with a complimentary Concierge service designed to enhance the lifestyle of our Elite clients. This service acts as a personal assistant, ensuring efficiency and convenience by handling essential daily tasks such as personal shopping, navigation assistance, government-related errands, holiday planning, and seamless travel coordination, including flight reservations This campaign aligns seamlessly with Mastercard and Suez Canal Bank's shared vision of creating richer, more rewarding banking experiences for their customers. By continuously offering unique rewards and opportunities, both companies demonstrate their commitment to going beyond traditional banking — turning everyday card usage into memorable moments and valuable experiences Google News تابعونا على تابعونا على تطبيق نبض
Zawya
19-05-2025
- Business
- Zawya
Egypt: Beltone arranges $10mln securitized bond issuance for Jameel Finance
Arab Finance: Beltone Investment Banking, a subsidiary of Beltone Holding, concluded the first securitization issuance for Jameel Finance-Egypt under its fifth program, according to an emailed press release. Totaling EGP 500 million, the transaction anchors Beltone's position as a leader in Egypt's debt capital markets. The offering was structured across three tranches, with tranche A valued at EGP 120 million, carrying a maturity period of 12 months. The second tranche amounted to EGP 268 million, holding a tenor of 36 months, while the third tranche, worth EGP 112 million, has a 48-month maturity. The first tranche received a Prime 1 rating, the highest credit rating awarded by Middle East Rating & Investors Service (MERIS), with the second and third tranches having an 'A' rating. This flexible structure offers a balanced mix of risk and return, meeting the needs of institutional investors. Beltone Investment Banking acted as financial advisor, lead arranger, and bookrunner for the transaction, which was executed through Tamweel Securitization. Dreny & Partners served as the legal advisor, while Baker Tilly acted as the external auditor. Suez Canal Bank was the custodian and placement agent, with underwriting led by Suez Canal Bank and Banque du Caire. Meanwhile, Beltone Asset Management participated as a subscriber. Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets at Beltone Holding, commented: 'This issuance reflects our continued strategy to provide clients with tailored, market-driven funding solutions that enable long-term financial stability and flexibility.' Hassan added: 'Looking ahead, we remain focused on expanding our presence in the debt capital markets through innovative structures that respond to our clients' evolving needs and the dynamic nature of the financial landscape.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
