Latest in Tag: Finance Highlight
Latest in Tag: Finance
Factoring firms welcome discounting futures rights of brokerage firms to stimulate trading operations
The targeted projects are in different fields, including technical and vocational education, employment promotion, supporting the private sector, credit guarantee system, solid waste management, and effective use of water, according to a Monday statement by the Ministry.
Under establishment SME finance companies shall have issued and paid-up capital of not less than EGP 30m
Middle East sustainable finance market is at an earlier stage of development than Europe, Asia, and North America
The amendment covers the issuance of a regulatory procedure to adjust mortgage finance activity.
WTE occurs by burning waste in specialised incinerators without need to separate waste into components
According to a Ministry of Finance statement, on Monday, the facility was closed by Emirates NBD Capital Limited, the investment-banking arm of Emirates NBD, and First Abu Dhabi Bank (FAB) as the transaction’s global coordinators, mandated lead arrangers, and book runners.
The capital raise will take advantage of favourable markets conditions, whilst helping the company to accelerate its strategy in developing mobile services. The cash injection is also set to boost its acceptance of payments on all payment channels, and strengthen its integration of digital solutions.
The move aims to facilitate the financing of their purchase, and to facilitate the meeting of consumer needs.
Recovery from coronavirus crisis could take up to 18 months: Head of Research at EFG
Investors with incomes of up to EGP 2,500 acquired EGP 18m in 171 mortgage contracts during the first two months of 2020. This compared to EGP 90.6m in 861 mortgage contracts in the first two months of 2019.
The FRA said that the value of mortgage refinancing decreased to EGP 14m in January 2020, compared to EGP 101m in the same period last year. This marks an 86% decline.
Export Development Fund spends EGP 291m on 12 companies under stimulating investment initiative
Service sector received EGP 62.2bn banking funds, while industrial sector got EGP 43.1bn
8 companies inject EGP 1.5bn, Taamir Mortgage tops with EGP 551.6m with 4,800 clients
EFG-Hermes Leasing considers new securitisation worth EGP 300-400m in Q4 of 2019
Naeem maintains BUY reccomendation for MNHD with TP of EGP 8.59/share
Allocated financing to be used in solar heating and electric motors
Bank continue to participate in CBE initiatives, says El Bahey
EGP 326.8bn for health and education, EGP 301bn for wages, EGP 149bn for food and commodities subsidies
According to the financial report, the overall deficit declined as a result of the higher growth rate in revenues than the growth rate of expenditures
The International Finance Corporation (IFC), a World Bank Group member, invested close to $200m in the Egyptian market over the last eight months, the IFC Country Manager for Egypt, Libya, and Yemen, Walid Labadi, told Daily News Egypt (DNE). The IFC chose Egypt earlier as a model for its investments in Middle East and Africa. …
Mortgage finance will be provided for clients who meet CBE’s conditions
Statistics calculate remaining life expectancy for people at different ages, probability of surviving to given age
MoU signed between SMEDA, Assiut University to qualify graduates to establish, manage small projects
Supply Ministry uses refrigerated cars to cover citizens’ needs for ration goods in various governorates
The deal will benefit 2,288 small projects, offer 6,864 jobs
Bank injected EGP 80m to finance microprojects through associations, companies
60% of deal’s value allocated to women below poverty line
The SANAD Fund for MSMEs (SANAD) announced, in a press statement on Monday, that it will finance a $10m senior loan to Egypt’s Banque du Caire to support the expansion of the bank’s lending operations for micro, small, and medium enterprises (MSMEs). Banque du Caire, which is Egypt’s sixth largest bank, with its status as …