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Banque du Caire to allow credit card and loan repayments at Fawry outlets
Banque du Caire will now allow credit card payments and loan repayments to be done at Fawry outlets, Banque du…
Banking + Finance
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EBRD preliminarily agrees to lend EUR 400 mn to Egypt’s Damietta Port Authority
The European Bank for Reconstruction and Development (EBRD) has agreed in principle to lend EUR 400 mn to the Damietta…
NBE looks to arrange EGP 2.4 bn syndicated loan for EGPC
The National Bank of Egypt is in talks with local banks to arrange a EGP 2.4 bn syndicated loan for…
Banking consortium to lend Al Nasr Coke USD 100 mn for coke-oven battery
A local banking consortium led by the Bank of Alexandria is arranging a USD 100 mn loan for Al Nasr…
National Bank of Egypt will begin issuing “Meeza” debit cards today
The National Bank of Egypt will begin issuing “Meeza” debit cards as of today, Retail CEO Alaa Farouk tells Masrawy.…
Banque du Caire in talks for USD 30 mn loan for SMEs
Banque du Caire is in talks with the Arab Fund for Social and Economic Development over a USD 30 mn…
Beshay Steel subsidiary seeking EGP 3.5 bn loan from local banks
Egyptian Sponge Iron and Steel (ESIS), a subsidiary of Beshay Steel, is holding talks with a number of local banks,…
NAT to sign USD 1.2 bn loan agreement with China Exim for electric rail line
The National Authority for Tunnels (NAT) will sign before mid-January a USD 1.2 bn low-interest loan agreement with the Export-Import…
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