Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Infrastructure 
Sphinx Private Equity plans to set up USD 70 mn investment fund this year
Sphinx Private Equity Management is planning to set up a new USD 70 mn fund by the end of the…
Banking
Western Union looking to break into fintech in Egypt
Western Union is in talks with the central bank to obtain approval to begin offering mobile cash transfer and bill…
EBRD-led consortium agrees to renew and increase value of NBE loan to USD 750 mn
A global banking consortium led by the European Bank for Reconstruction and Development (EBRD) has agreed to renew and increase…
Banks to begin reporting financials under IFRS 9 starting from 2019 -CBE
Banks in Egypt will be requiredto begin presenting their financial statements in accordance with the IFRS 9 accounting standards starting…
Customs rate remains unchanged for another month
The Finance Ministry will keep the exchange rate for customs pinned at EGP 16 per USD 1 for February 2018,…
AICC subsidiary obtaining factoring license
Arab Investment & Development Holding Company (AICC) announced that its subsidiary Upper Egypt Leasing is applying for and has made…
SANAD loans Banque Du Caire USD 10 mn for MSMEs
The Sanad Fund for MSMEs announced on Monday that it will finance USD 10 mn in loans for Banque du…
Bank consortium waiting on Finance Ministry to lend the SCA c. USD 602 mn; SCA will likely look abroad for financing of dredgers
A banking consortium is waiting on the Finance Ministry to issue a guarantee for a USD 602 mn loan for…
Something went wrong. Please refresh the page and/or try again.