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Egyptian consumer finance firm Sarwa looks to set up transferable value fund
Sarwa Capital filed with the Financial Regulatory Authority (FRA) to set up a “transferable value” fund, a new type of…
Banque du Caire profits fall 30% in 1Q2020
EARNINGS WATCH- Banque du Caire profits fell almost 31% in 1Q2020 after the bank reported income of EGP 838 mn,…
Egyptian banks dole out EGP 69 bn from CBE’s EGP 100 bn subsidized loan initiative
Banks dole out EGP 69 bn to local industry under CBE’s EGP 100 bn subsidized loan initiative: Egyptian banks —…
Damietta Furniture withdraws EGP 1 bn loan installment
Damietta Furniture City has drawn down EGP 1 bn of its EGP 1.5 bn syndicated facility taken out from a…
Mashreq Bank managing USD 360 mn loan for Evergrow’s fertilizer project in Sadat city
The UAE’s Mashreq Bank is reportedly arranging a USD 360 mn facility for Evergrow Speciality Fertilizers to restructure its debt…
Palm Hills seeks EGP 400 mn following debt restructuring to develop The Crown
Palm Hills Developments is reportedly in talks with seven banks to restructure its EGP 1.24 bn debt and borrow an…
Cabinet adds Central Bank of Egypt governor to dispute resolution committees
The governor of the Central Bank of Egypt if now a permanent member of two cabinet committees responsible for resolving…
Suez Canal Bank to launch EGP 250 mn money market fund this month
Suez Canal bank to launch EGP 250 mn money market fund this month: The Suez Canal Bank will this month…
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