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SIDPEC in talks with local banks for USD 1.2 bn loan for new propylene factory
Sidi Kerir Petrochemicals (SIDPEC) is in talks with local banks for a USD 1.2 bn loan for its new propylene…
Banking
HDD BoD approves EGP 1.2 bn loan offer from gov’t bank
State-owned Heliopolis Housing and Development’s (HDD) board of directors approved on Wednesday an offer from an unnamed government bank for…
Sarwa Capital approves EGP 700 mn issued capital increase
Sarwa Capital’s board of directors approved on Wednesday increasing the company’s issued capital by EGP 700 mn through new shares…
Fawry receives SME lending license
E-payments firm Fawry received its license to lend to small- and medium-enterprises earlier this week, the firm’s MD Mohamed Okasha…
NBE, NAT, Metro Company, sign agreement for e-payments at the metro
The National Bank of Egypt (NBE), the National Authority for Tunnels (NAT), and the Egyptian Co. For Metro Management &…
NRA to receive USD 114.98 mn from Korea to automate Naga Hamady-Luxor railway
The National Railways Authority (NRA) is finalizing procedures to receive a USD 114.98 mn loan from Korea’s Economic Development Cooperation…
NBE, CIB, QNB Alahli, IDBE to fund projects aimed towards curbing industrial pollution
The Environment Ministry has reportedly signed agreements with four local banks to help run a financing scheme for projects aimed…
CIB, NBE and Banque Misr agree to fund waste-to-energy projects
CIB, the National Bank of Egypt (NBE), and Banque Misr have agreed to provide funding for waste-to-energy projects with a…
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