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CIB to begin issuing Aman insurance certificates
CIB will start issuing Aman insurance CDs, pending approval from the central bank, Head of Actuarial Affairs at Misr Life…
Banking + Finance
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Egypt Post allows customers to accept transfers from all banks
Egypt Post has launched a new service that allows its customers to accept transfers from or send transfers to any…
AfDB receives request from Egypt to increase its stake by 800 shares
The African Development Bank’s (AfDB) board of directors is looking into Egypt’s request to acquire an additional 800 shares in…
Local banks including Banque Misr to provide EGP 3 bn for new shopping mall in the Fifth Settlement
A number of local banks, including Banque Misr, are reportedly arranging a EGP 3 bn that will be used by…
EGPC receives USD 1 bn syndicated facility from HSBC-led consortium
The EGPC has reportedly received a USD 1 bn syndicated loan from an international and regional banking consortium led by…
EBRD to provide Banque Misr with additional USD 50 mn in funding
The European Bank for Reconstruction and Development (EBRD) is providing Banque Misr with a new USD 50 mn trade facility…
NI Capital’s Tamweely officially begins operations
NI Capital’s Tamweely announced yesterday that it has officially launched its operations after receiving its final microfinance license in July,…
Global Lease to form new factoring company before the year is out
Global Lease has filed paperwork with the Financial Regulatory Authority to form a factoring arm before year’s end, CEO Hisham…
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