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Banque du Caire in talks with Arab lender to secure USD 30 mn loan
Banque du Caire (BdC) is in talks with an unnamed Arab financial institution for a USD 30 mn loan, Chairman…
Pharos gets Planning Ministry nod for IFM achievement
Our friends at Pharos Holding were acknowledged by Planning Minister Hala El Said for being named “Best Equity Research Company”…
Banque du Caire close to issuing 450k “Meeza” debit cards
Banque du Caire has begun issuing “Meeza” debit cards, CEO Tarek Fayed said, according to Al Mal. The state-owned bank…
AT Lease seeking EGP 1 bn of financing from banks this year
Al Tawfeek Leasing (AT Lease) is seeking EGP 1 bn in financing from banks this year to raise its available…
CIB to arrange USD 80 mn loan to Qalaa’s ERC
CIB is arranging a USD 80 mn loan to Qalaa Holdings’ Egyptian Refining Company (ERC) with a tenor of one…
NBE to loan out EGP 6 bn by June, EGP 600 mn for natgas projects
The National Bank of Egypt (NBE) is planning to loan out EGP 6 bn to its retail customers by June,…
Banks follow Central Bank of Egypt’s lead with interest rate cuts
Major state-owned banks followed the CBE’s lead by cutting interest rates on their changing-yield certificates of deposit (CDs) but left…
Tax Authority, banks meet to discuss implementation of new tax treatment
The Tax Authority met with a committee from the Federation Of Egyptian Banks yesterday to discuss the best way to…
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