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Gov’t mulls increasing rates on Suez Canal investment certificates
The Finance Ministry is mulling raising interest rates on Suez Canal investment certificates to 17.5%, up from 15.5%, following the…
Banking + Finance
Home / Banking + Finance
EG Bank to borrow USD 20 mn from EIB for SME financing
EG Bank signed an agreement with the European Investment Bank (EIB) for a USD 20 mn loan to finance SME…
El Said heads committee to restructure NIB
A government committee was formed to restructure the National Investment Bank (NIB), Planning Minister Hala El Said said, according to…
Al Watany Bank of Egypt signs USD 300 mn loan agreement with SUMED
Al Watany Bank of Egypt announced on Thursday it has signed a USD 300 mn loan agreement with the Arab…
Rooya Group signs USD 2.25 bn loan agreement with AAIB, NBE
Rooya Group signed a one-year USD 2.25 bn syndicated loan agreement with the Arab African International Bank (AAIB) and the…
Tarek Amer wants banks to open branches in the new administrative capital
The Central Bank is close to finalizing amendments to Egypt’s banking laws, CBE Governor Tarek Amer told senior banking and…
Finance Ministry forces stay on capital gains tax collection until law is passed
The decision by the Finance Ministry telling Misr for Central Clearing, Depository, and Registry (MCDR) not to collect capital gains…
Crédit Agricole has no plans to exit its Egypt operations -Drion
Crédit Agricole is not planning on exiting its operations in Egypt, Crédit Agricole Egypt Managing Director François Edouard Drion told…
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