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CBE wants to make banking more accessible for the disabled
The central bank is considering new regulations to help make banking services more accessible for people with disabilities, a banking…
Banking + Finance
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Private sector banks begin lowering interest rates in response to CBE’s latest rate cut
Private sector banks have begun lowering rates and scrapping high-yielding CDs in response to the CBE’s decision last Thursday to…
Oilex to borrow EGP 1.5 bn from banks consortium including CIB and NBE
Oil extraction company Oilex has reached an agreement which would see it borrow EGP 1.5 bn from a banking consortium…
B Investments to pump additional investments this year to microfinance subsidiary Vitas
B Investments plans to use some of the EGP 150 mn it will invest in SME finance subsidiary Ibtikar towards…
GB Lease targets EGP 3 bn in new contracts in 2018
GB Auto’s financing venture GB Lease is targeting EGP 3 bn in new contracts this year, Chairman Sherif Sabry tells…
Electricity Ministry in talks over USD 90 mn loan for UEEPC upgrade
The Electricity Ministry is in talks with fivel local banks over a USD 90 mn loan to finance grid maintenance…
Hany Tawfik resigns as CEO of Union Capital, Misr Venture Capital
Hany Tawfik has stepped down as CEO of Union Capital and Misr Venture Capital — the EGP 150 mn bailout…
Auerback Grayson to partner with Switzerland’s Mirabaud Securities
Beltone Financial’s New York-based brokerage subsidiary Auerbach Grayson & Company announced that it has partnered with the brokerage business line…
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