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Mashreq and First Abu Dhabi to extend second tranche worth USD200mln to WE

Sunday 22/07/2018 20:04

By Mohmed Salem Egypt Telecom ' WE' is poised during the next two weeks to sign  the second tranche of a USD500mln loan with the two UAE-based&nb...
EAL Bank sells assets of EGP 1.6bn

Sunday 22/07/2018 13:11

By Sohair Mohamed: The value of total assets, whose ownership is traceable to Egyptian Arab Land Bank (EAL Bank) fell to EGP 2.4bn from EGP4bn, accor...
MSMEs Development Agency holding talks to funnel EGP270mln into 3 banks

Thursday 19/07/2018 19:10

By Ahmed El-Desouky With the aim of injecting them back into Egypt's MSMEs, banks of the United Bank, the Agricultural Credit Bank and the Industrial...
Remittances from expatriates hit $21.9bn, c. bank

Wednesday 18/07/2018 14:13

MEMO: The Central Bank of Egypt (CBE) revealed today that the total value of remittances from Egyptians working abroad have amounted to $21.9 billion...
IDWBE is mulling the injection of EGP180mln into real estate financing

Tuesday 17/07/2018 20:27

By Suhair Mohmed & Sayed Badr Industrial Development & Workers Bank of Egypt is mulling the injection of up to EGP180mln financing into the C...
ITFC to provide financing of USD 380 mn to EGPC

Tuesday 17/07/2018 13:38

By Mohamed Salem: CEO of the International Islamic trade Finance Corporation (ITFC) Hani Sonbol has signed a letter to disburse USD 380 mn to the Egy...
Liabilities of EALB clients benefiting from CBE's initiative to jump to EGP300mln

Monday 16/07/2018 20:13

By Suhair Mohmed   Total liabilities of companies, clients of EALB,  due to benefit from the Central Bank of Egypt's initiative supporting ...
Afreximbank contributes to the creation of fund serving Egypt, Sudan and Ethiopia

Sunday 15/07/2018 17:59

Nigeria - Mohmed Salem The African Export - Import Bank ( Afreximbank) is preparing studies pertinent to the incorporation of an investment fund joint...
Banque Misr-Europe plans to manage € 100mn for exporters

Sunday 15/07/2018 13:53

By Ahmed Ali Misr Bank-Europe plans to inject 100 million euro facilities into Egyptian companies operating in the field of exports in the coming per...
MSME to secure external financings of USD 300mn

Sunday 15/07/2018 11:37

By Ahmed Desouqy: The Micro, Small & Medium Enterprise Development Agency (MSME) is involved in intensive negotiations with serval external funde...