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Infrastructure 
GB Lease in talks with banks for EGP 800 mn loan
GB Lease is in talks with banks to get an EGP 800 mn loan to increase liquidity and finance operations,…
Banking
AT Lease to launch new factoring and SMEs leasing operations before year-end
Al Tawfeek Leasing (AT Lease) will launch before year-end factoring and SME-targeted leasing operations, according to a press release (pdf).…
SIDPEC propylene factory to be 70% financed through debt from Egypt banks
Sidi Kerir Petrochemicals’ (SIDPEC) new propylene and polypropylene plant in Alexandria will have a 70:30 debt-to-equity ratio, the company said…
What we’re tracking on 18 March 2019
It’s another quiet news day here at home — not that there’s anything wrong with that, as a brilliant show…
Banque du Caire’s Cairo Leasing Company in talks for EGP 450 mn loan
Banque du Caire’s financial leasing arm, Cairo Leasing Company, is in “intensive talks” with two unnamed banks to borrow EGP…
House agrees to gov’t-proposed amendments to FRA regs for non-banking services
The House of Representatives’ general assembly agreed yesterday to government-proposed amendments to the Financial Regulatory Authority (FRA)'s regulations of non-banking…
Banque du Caire inaugurates representative office in UAE
Banque du Caire has opened a rep office in the UAE as part of its regional expansion drive, according to…
CIB shareholders approve EGP 1/share 2018 dividend
Leading private sector bank CIB’s shareholders approved a dividend payout of EGP 1 per share, the lender said in a…
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