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Banks to run background checks on businesses under new working capital financing regulations
REGULATION WATCH- CBE issues new lending regs to banks: The Central Bank of Egypt (CBE) on Tuesday issued new regulations…
Egypt launches EGP 100 bn program to boost local industry
Factories with annual sales of less than EGP 1 bn can now borrow at subsidized rates: The government and the…
Egypt’s NBFS watchdog to issue nano lending licenses soon
The Financial Regulatory Authority (FRA) has received two applications from unnamed microfinance companies looking to obtain a license to to…
African Development Bank mulls USD 500 mn loan to reduce budget deficit
The African Development Bank is considering providing a USD 500 mn loan to Egypt to help plug the budget deficit…
Housing & Development Bank, Egyptian Arab Land Bank get new bosses
MOVES- The board of directors of the Housing & Development Bank has accepted the nomination of Hassan Ghanem (Linkedin) as…
CBE Deputy Governor Helal up for a big post in Egypt’s government
MOVES- Central Bank of Egypt (CBE) Deputy Governor Lobna Helal is reportedly planning to step down after receiving an offer…
Corporate sukuks to debut in coming weeks with USD 50 mn CIAF Leasing issuance bonds
DEBT WATCH- Corporate sukuks to debut in Egypt in the coming weeks? CIAF Leasing plans to issue Egypt’s first corporate…
Five banks launch electronic payment of mortgage installments
Five banks began on Sunday collecting mortgage payments electronically under the Central Bank of Egypt (CBE) and Mortgage Finance Fund’s…
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