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Infrastructure 
CBE to provide EGP 2 bn assurance for SME financing
The Central Bank of Egypt’s board of directors agreed to provide the Credit Guarantee Company (CGC) with a EGP 2…
Banking
AT Lease considering adding factoring business
Al Tawfeek Leasing (AT Lease) says it is assessing expanding its operations to include a factoring business, according to a…
Six banks to lend Tanmeya for Leasing and Investment EGP 360 mn
A consortium of six banks is lending Tanmeya for Leasing and Investment (EgyLease) EGP 360 mn to build up its…
Finance Ministry to keep customs rate at EGP 16
The Finance Ministry will keep the exchange rate for customs stable at EGP 16 per USD 1 for January 2018,…
Consortium of international financing institutions arranging USD 662 mn facility for EGPC
A consortium of international financing institutions is arranging a USD 662 mn short-term credit facility for the Egyptian General Petroleum…
FRA approves issuance of EGP 1.1 bn securitization bonds
The Financial Regulatory Authority approved the issuance of around EGP 1.1 bn in securitization bonds by the Egyptian Securitization Company.…
AfreximBank to provide USD 150 mn to Egyptian factoring companies
The African Export-Import Bank (AfreximBank) is planning to provide Egyptian factoring companies with USD 150 mn in funding over the…
Al Tawfeek Leasing to begin offering three new financing services next year
Al Tawfeek Leasing Co. (AT Lease) plans to begin offering leasing services for SMEs, structured financing services, and establishing a…
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