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Banks want guaranteed to grant EgyptAir USD 870 mn loan
Banks in talks with EgyptAir over a USD 870 mn loan to revamp its fleet are stipulating that the facility…
Banking + Finance
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Evergrow receives EGP 1.2 bn syndicated loan
Evergrow for Specialized Fertilizers received a EGP 1.2 bn syndicated loan from a consortium of banks including Arab African International…
EFSA eases restrictions on investment funds
The Egyptian Financial Supervisory Authority (EFSA) ratified amendments to the executive regulations of the Capital Markets Act that govern investment…
NBE in talks to renew, increase borrowing from international institutions to USD 600 mn
The National Bank of Egypt (NBE) is in talks with a consortium of international financiers to renew and increase a…
Banque Misr to launch cross-border mortgages
Banque Misr plans to launch a mortgage financing facility soon for Egyptian expats in the UAE interested in owning property…
NBE approves EGP 800 mn in loans as part of the CBE’s tourism rescue initiative
The National Bank of Egypt (NBE) has approved EGP 800 mn in funding to refurbish seven hotels in South Sinai…
Did the CBE deny HDBK’s request to spin off its real estate holdings?
The CBE reportedly denied the Housing and Development Bank’s (HDBK) request to spin off its real estate holdings into a…
EFG Hermes and Al Ahli Bank of Kuwait sign cooperation agreement
EFG Hermes Leasing signed an MoU with Al Ahli Bank of Kuwait-Egypt (ABK) that will see both collaborate on SME…
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