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TE signs USD 200 mn short-term loan agreement with AfreximBank
State-owned landline monopoly Telecom Egypt signed yesterday a USD 200 mn short-term loan agreement with the African Export-Import Bank (AfreximBank)…
Banking
FRA launches insurance database
The Financial Regulatory Authority (FRA) launched yesterday its comprehensive electronic database for the insurance industry, which will include information on…
Raya’s Aman to hold talks with four banks to borrow EGP 481 mn
Raya Holding subsidiary Aman is planning to hold talks with four unnamed local banks to borrow EGP 481 mn to…
Abu Qir mandates NBE, QNB, Banque Misr to arrange EUR 105 mn
Abu Qir Fertilizers’ board of directors agreed on Tuesday to mandate a consortium made up of the National Bank of…
Jordan’s Ethmar for Islamic Finance plans to enter Egyptian market in 3-5 years
Amman-based Ethmar for Islamic Finance is planning to enter the Egyptian market within 3-5 years, says CEO Ziyad El Refaei.…
Banque Misr to establish new micro-financing arm
Banque Misr is planning to establish a new micro-financing arm to the government’s financial inclusion strategy and also expand its…
Brokerages can keep electronic five-year client records
Financial Regulatory Authority (FRA) Vice Chairman Khaled El Nashar appears to have promised brokerages that it will allow them to…
CBE to launch initiative for idle factories within a week
The Central Bank of Egypt will launch an initiative within the week to help idle factories restructure their debts and…
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