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Infrastructure 
Local banks including Banque Misr to provide EGP 3 bn for new shopping mall in the Fifth Settlement
A number of local banks, including Banque Misr, are reportedly arranging a EGP 3 bn that will be used by…
Banking
EGPC receives USD 1 bn syndicated facility from HSBC-led consortium
The EGPC has reportedly received a USD 1 bn syndicated loan from an international and regional banking consortium led by…
EBRD to provide Banque Misr with additional USD 50 mn in funding
The European Bank for Reconstruction and Development (EBRD) is providing Banque Misr with a new USD 50 mn trade facility…
NI Capital’s Tamweely officially begins operations
NI Capital’s Tamweely announced yesterday that it has officially launched its operations after receiving its final microfinance license in July,…
Global Lease to form new factoring company before the year is out
Global Lease has filed paperwork with the Financial Regulatory Authority to form a factoring arm before year’s end, CEO Hisham…
EFG Leasing in talks with four int’l institutions for USD financing package
EFG Hermes Leasing is in talks with four international institutions for a USD-denominated loan to provide financing for its exporting…
S&P’s raises credit rating for NBE, Banque Misr
Ratings agency Standard & Poor’s raised its long-term issuer credit rating for the National Bank of Egypt (NBE) and Banque…
TE to reach financial close on USD 550 mn loan from UAE banks next week
State-owned Telecom Egypt will reach financial close next week on a five-year USD 550 mn syndicated loan jointly arranged by…
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