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Infrastructure 
EDB in talks for USD 500 mn facility for trade finance?
The Export Development Bank (EDB) is starting a fresh round of talks with international lenders for USD 500 mn to…
Banking
Gov’t’s see leasing industry worth EGP 80 bn by 2022
Egypt’s four-year strategy to drive growth in the non-bank financial sector sees the leasing market worth EGP 80 per year…
HSBC Egypt launches virtual credits cards for corporate customers
HSBC has added virtual credit card services to the list of digital payment solutions if offers its corporate clients in…
MIDOR to finalize this week USD 1.2 bn loan agreement from three EU banks
State-owned company Middle East Oil Refinery (MIDOR) has reached a final agreement with Crédit Agricole and BNP Paribas and Italy’s…
Beltone to cancel GDR program
Beltone Financial’s board of directors has decided to cancel its Global Depositary Receipt (GDR) program, provided they receive approval from…
CIB to begin issuing Aman insurance certificates
CIB will start issuing Aman insurance CDs, pending approval from the central bank, Head of Actuarial Affairs at Misr Life…
Egypt Post allows customers to accept transfers from all banks
Egypt Post has launched a new service that allows its customers to accept transfers from or send transfers to any…
AfDB receives request from Egypt to increase its stake by 800 shares
The African Development Bank’s (AfDB) board of directors is looking into Egypt’s request to acquire an additional 800 shares in…
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