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Infrastructure 
Al Watany Bank of Egypt signs USD 300 mn loan agreement with SUMED
Al Watany Bank of Egypt announced on Thursday it has signed a USD 300 mn loan agreement with the Arab…
Banking
Rooya Group signs USD 2.25 bn loan agreement with AAIB, NBE
Rooya Group signed a one-year USD 2.25 bn syndicated loan agreement with the Arab African International Bank (AAIB) and the…
Tarek Amer wants banks to open branches in the new administrative capital
The Central Bank is close to finalizing amendments to Egypt’s banking laws, CBE Governor Tarek Amer told senior banking and…
Finance Ministry forces stay on capital gains tax collection until law is passed
The decision by the Finance Ministry telling Misr for Central Clearing, Depository, and Registry (MCDR) not to collect capital gains…
Crédit Agricole has no plans to exit its Egypt operations -Drion
Crédit Agricole is not planning on exiting its operations in Egypt, Crédit Agricole Egypt Managing Director François Edouard Drion told…
HSBC scraps overseas credit card limits
HSBC scrapped international spending limits for Egyptian credit card users and raised the ceiling on debit card spending overseas, Youm7…
CBE issues new directives to regulate relationship between banks and FX bureaus
Egyptian banks can only do business with up seven foreign exchange bureaus at a time, according to the latest Central…
Banque Misr approves EGP 1.2 bn loan for Damietta furniture city at 7% interest
Banque Misr agreed to extend a EGP 1.2 bn facility to Damietta furniture city at an exceptional 7% interest rate,…
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