5 banks represent UAE in Egyptian market

The UAE has long sought to strengthen its presence in the Egyptian market and expand it, which has become more evident in recent years, wherein major UAE banks faced fierce competition with other foreign banks to acquire several Egyptian and European banks that had been put up for sale.

UAE banks have been in the Egyptian market for decades. The importance of having those banks in the Egyptian market is no secret, as the market has been using their technologies.

Five UAE banks currently operate in the Egyptian market; Emirates NBD, the National Bank of Abu Dhabi, Abu Dhabi Islamic Bank, Union National Bank, and Mashreq.