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Egypt’s banking sector sees robust year-on-year growth
Releases from Egypt’s major banks for FY2015-16 indicate that the country’s banking sector has seen robust year-on-year growth amid a…
BANKING + FINANCE
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BANKING + FINANCE
Orascom Development Holdings will delist EDRs on 18 April
Trading on Orascom Development Holdings Egyptian Depository Receipts on the EGX will end on 18 April, after the company sent…
Banque Misr to offer an additional EGP 1 bn in SME loans
Banque Misr is considering offering an additional EGP 1 bn in loans to SMEs “over the coming period,” particularly those…
SCZone signs MoUs with Arab Investment Bank, Export Development Bank
The Suez Canal Economic Zone signed an MoU with the Arab Investment Bank to provide funding for SMEs and complementary…
Banque Misr in talks to borrow USD 700 mn from international institutions
Banque Misr is in negotiations for USD 700 mn in funding to support its foreign currency liquidity, vice Chairman Akef…
MasterCard to implement government e-payment solutions
MasterCard will expand electronic payment solutions in partnership with the Egyptian government by year-end, Al Mal reports. This will include…
Four electricity production companies in talks with six banks to borrow USD 400 mn
The West Delta, East Delta, Middle Delta, and Cairo electricity production companies are in talks with six banks to borrow…
Egyptian Stock Exchange Foundation for Sustainable Development launched
The EGX board agreed to found the Egyptian Stock Exchange Foundation for Sustainable Development, with EGP 5 mn support from…
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