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Egyptian Stock Exchange Foundation for Sustainable Development launched
The EGX board agreed to found the Egyptian Stock Exchange Foundation for Sustainable Development, with EGP 5 mn support from…
Banking + Finance
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EG Bank to lend UEEPC EGP 2 bn
The Upper Egypt Electricity Production Company (UEEPC) will borrow EGP 2 bn from EG Bank to finance the maintenance and…
Economic Appeals Court upholds NBE’s decision to freeze Misr Insurance assets
The Economic Appeals Court upheld the National Bank of Egypt’s (NBE) decision to freeze EGP 3 bn of Mirs Ins.’s…
NBE looks for further funding through EBRD green investments facility
The National Bank of Egypt (NBE) is seeking new funding through the EUR 140 mn Green Economy Financing Facility launched…
HDBK settles pre-float debts worth EGP 700 mn
The Housing and Development Bank has settled pre-float letters of credit worth EGP 700 mn under the terms of the…
Blom Bank Egypt records revenue growth in 2016
Blom Bank Egypt recorded revenues of EGP 539 mn in 2016 compared to EGP 372 mn in 2015, Managing Director…
EGPC in the market for an EGP 10 bn loan
The Egyptian General Petroleum Company (EGPC) is negotiating for a EGP 10 bn loan with a banking consortium led by…
Sarwa Capital wants to issue securitization bonds worth EGP 1 bn maximum
Sarwa Capital is seeking regulatory approval for an EGP 1 bn issuance of securitized bonds, Managing Director Amr Lamei tells…
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