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Banque Misr’s portfolio of SMEs reaches EGP 26bn by the end of September 2019
This step reflects the bank’s efforts in supporting the Egyptian economy, says Azab
The facility will be used to finance Mall of Arabia’s new development plans, including the development of Cairo’s first in-mall IKEA store in western Cairo with a gross leasable area of 22,000 sqm.
Talal Abu-Ghazaleh Organisation will complete the company’s restructuring in December: Source
Bank pumped EGP 19bn to about 900,000 SMEs
Loan to finance 50% of new mall on Cairo-Sokhna road
Naeem maintains BUY reccomendation for MNHD with TP of EGP 8.59/share
Company eyes EGP 5.5bn sales of Jefaira project, says CEO
This is the first Developmental Financial Institution (DFI) to lend Raya since inception.
The loan is expected to be disbursed in two instalments, the first of €3.4m and the second of €1.6m, Khalil noted.
DNE sheds light on key performance indicators of banks operating in local market in April 2019
The IMF’s board approval of fifth review will allow Egypt to receive the last $2bn tranche of its loan.
Fund calls on improving access to finance, industrial land allocation, competition, transparency, management of state-owned enterprises
‘I am trying to solve the problems and cases raised against me and I hope to return to Egypt,’ says Egypt’s ex-Finance Minister
Tourism revenues estimated at $10-12bn this year, targeted to reach $20bn annually
Loan will be used to continue funding beet sugar factory in Al Salihiya at Sharqeya
Maintaining reform momentum is essential for job creation, supporting middle class, says IMF Egypt Mission Chief
Coalition includes NBE, Banque Misr, Banque du Caire, SAIB, EDBE, Suez Canal Bank
Programme co-financed by World Bank
Germany decided to disburse the second tranche of the German Government Owned Development Bank’s (KFW Group) soft loan to Egypt, authorised by the German government, which was worth more than $250m, according to a press statement by the German embassy to Cairo on Monday. The second tranche’s disbursement agreement is expected to be signed today …
The Executive Board of the International Monetary Fund (IMF) approved the disbursement of $2bn to Egypt as the fifth tranche of its $12 loan, the Minister of Finance, Mohamed Moeit, announced on Monday. So far, Egypt has received $10bn from the extended $12bn loan facility signed in 2016. Moeit said that Egypt is expected to …
Government received 28.105% of loans, industry 24.627%, services 25.957%, retail 17.286%, trade 7.627%
New taxation draft law to be available for social discussion during next two weeks
Service reduces time, effort exerted by customers, supports premium banking services: Banque du Caire CEO
Measures include determining fuel pricing mechanism, say sources
We lack information on fuel price indexation mechanism, says EFG Hermes’ research department
Mall’s debt-free status will allow Marakez to continue its expansion plans, develop its current projects
Project to benefit almost 1 million people, says statement
Kharbin becomes 12th Syrian player in Egyptian Premier League
Loan amounts to 61% of investment cost, financing extends over seven years, including payment and grace period