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Afreximbank grants Egypt’s OIH USD 170 mn credit facility
The African Export-Import Bank (Afreximbank) signed on Friday a USD 170 mn credit facility agreement with Orascom Investment Holding to…
Banking
Egypt secures USD 1.2 bn China EximBank loan for NAC light railway
Egypt secures USD 1.2bn China EximBank loan for new capital light railway: China’s Export-Import Bank (EximBank) has agreed to extend…
Bank Audi mulls acquisition of National Bank of Greece branches in Egypt
M&A WATCH- Bank Audi mulls acquisition of National Bank of Greece branches in Egypt: Bank Audi is considering an offer…
What we’re tracking on 17 January 2019
Good morning, friends, and thank you for choosing to end your week with us. We’re still in the process of…
Central Bank of Egypt excludes retailers from EGP 200 bn SME financing initiative
The Central Bank of Egypt (CBE) has excluded retail-focused SMEs from its facilitated financing initiative in a bid to reroute…
NBE, QNB, BM consortium to arrange loan for Egypt’s Abu Qir Fertilizers
A banking consortium comprised of the National Bank of Egypt, QNB Al Ahli, and Banque Misr has pledged to arrange…
Earnings watch: Egypt’s QNB Al Ahli reports net profit of EGP 7.2 bn in FY 2018
EARNINGS WATCH- QNB Al Ahli reported a net profit of EGP 7.20 bn in FY2018, up 30% y-o-y from EGP…
HSBC Egypt tops Euromoney’s list of top local trade finance providers
HSBC Egypt was voted the top provider of trade finance services, according to Euromoney’s Trade Finance Survey 2019 results. Businesses…
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