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Egypt’s Elsewedy secures USD 100 mn loan from BM for Africa expansion plan
Elsewedy Electric has signed a USD 100 mn loan agreement with Banque Misr to finance expansion plans in Africa, sources…
Banking + Finance
Home / Banking + Finance
Attijariwafa files request to CBE for mobile and internet banking licenses
Attijariwafa Bank has filed requests to the Central Bank of Egypt to acquire mobile banking and internet banking licenses, Chairman…
Adib Capital seeks regulatory approval for USD 50 mn sukuk issuance
Abu Dhabi Islamic Bank’s investment banking unit Adib Capital Egypt is planning to request regulatory approval from the Financial Regulatory…
CIB signs EGP 400 mn financing agreement with MUP
CIB has signed a EGP 400 mn medium-term financing contract with Medical Union Pharma (MUP), bringing the company’s total credit…
Banque Misr to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors
Banque Misr is set to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors for…
Orascom Development signs debt rescheduling agreement with Egyptian banks
Orascom Development Egypt (ODE) signed a CHF 228.1 mn (EGP 3.8 bn) debt rescheduling agreement with Egyptian banks that will…
Fawry to allow Egyptian retailers to obtain bank loans through Fawry Plus
Fawry is planning allow retailers to apply for bank loans through its Fawry Plus branches in partnership with local banks,…
Raya Holding subsidiary to increase credit portfolio to c.EGP 500 mn
Raya Holding’s microfinance arm Aman intends to increase its credit portfolio to about EGP 500 mn by the end of…
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