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Infrastructure 
Mortgage finance increases by 98% y-o-y in 4M17, financial lease up by 21%
Mortgage financing in the first four months of the year increased by 98% y-o-y to EGP 722 mn, according to…
Banking
NBE to arrange EGP 1.6 bn loan for Elsewedy Cement
The National Bank of Egypt (NBE) is arranging a EGP 1.6 bn loan for Elsewedy Cement to finance a new…
MM Group partners with BPE Partners to form investment financing company
MM Group for Industry and International Trade announced partnering with BPE Partners to operate an investment finance company. The company,…
EGX approves GTH capital decrease
The EGX approved Global Telecom Holding’s to decrease its capital to EGP 2.74 bn from EGP 3.04 bn on Tuesday…
CIB raises interest rates on short-term deposit certificates
CIB has raised interest rates on short-term certificates of deposit by 100 bps to 3.5% for one week CDs and…
Yields on three and nine-month T-bills rise on Sunday
Average yields on Egypt's three and nine-month treasury bills rose at auction on Sunday. Three-year T-bill yields grew to 20.478%…
Egyptian Steel negotiating for EGP 4 bn facility with banking consortium
Ahmed Abou Hashima’s Egyptian Steel is in talks with a banking consortium to provide it with EGP 4 bn to…
NBE will not raise interest rates on personal loans, only commercial loans
The National Bank of Egypt (NBE) will not be raising interest rates on personal loans taken out before the CBE’s…
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