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Beltone tapped to manage Egyptian Sports Fund
Beltone Financial has been tapped to manage a EGP 5 mn fund launched by Banque Misr, whose proceeds will be…
Banking
NBE looking to secure USD 500 mn loan by June’s end
The National Bank of Egypt (NBE) is in talks with international financing institutions for a USD 500 mn loan by…
Lebanese fintech firm Areeba to establish an Egypt office in 2018
Lebanese fintech company Areeba is planning on establishing an office in Egypt in 2018, Marketing and Strategic Relationships head Said…
NI Capital’s Tamweely receives temporary microfinance license
The Financial Regulatory Authority (FRA) awarded Tamweely a temporary microfinance license, with the company looking to launch operations “in the…
CBE sells USD 1.075 bn in one-year T-bills
The central bank announced selling USD 1.075 bn in one-year, USD-denominated treasury bills in an auction yesterday. Foreign and local…
US court rejects jury verdict against Arab Bank in terrorism case
A US court has rejected a 2014 jury verdict that found the Jordan-based Arab Bank liable for Hamas-linked suicide bombings…
Naeem Holding considers investing in healthcare and education
Naeem Holding is considering investing in Egypt’s healthcare and education sectors and will announce a major investment decision by the…
Banque Misr partners with Visa and Exxon Mobil to provide electronic payment
Banque Misr and Visa are rolling out electronic payment at 100 Exxon Mobil petrol stations, according to AMAY.
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