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GASCO in talks to obtain USD 300 mn loan for expansions
The Egyptian Natural Gas Company (GASCO) is in talks with three unnamed local banks for a loan of up to…
Banking + Finance
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National Bank of Egypt expands internet, mobile banking platforms
The National Bank of Egypt (NBE) has added new services to its internet banking platform its mobile banking app, the…
Amer to acquire EGP 1 bn loan from unnamed Egyptian bank
Amer Group is closing in on an agreement for a EGP 1 bn loan from an unnamed local bank to…
Local banks joining UAE’s Mashreq in arranging USD 360 mn loan to Evergrow
At least five banks — the National Bank of Egypt, Banque Misr, Suez Canal Bank, the Housing and Development Bank,…
Spinning and Weaving Holding co. set to receive EUR 540 mn loan this month
State-owned Holding Company for Spinning and Weaving is expected to receive by the end of this month a EUR 540…
EFG’s ValU is in talks with Egyptian banks for EGP 250 mn credit facility
EFG Hermes’ e-finance platform ValU is currently in talks with several unnamed banks for a new EGP 250 mn credit…
New guidelines for clearing and depository companies’ boards
Companies licensed to provide clearing and depository services will now be required to elect a board of directors with a…
Egypt to trial state workers’ payments through e-wallet “Meeza”
A Finance Ministry trial will see 3k state employees collect their wages using state-owned e-wallet Meeza’s contactless cards instead of…
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