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Fawry and Banque du Caire sign contract for remittance transfer service
EGX-listed e-payments platform Fawry and Banque du Caire have signed a contract to set up an instant remittance transfer service…
BANKING + FINANCE
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BANKING + FINANCE
NBE could provide EGP 200 mn credit facility for El Marakby Steel within weeks
The National Bank of Egypt finalizing talks to provide a EGP 200 mn credit facility to ElMarakby Steel, according to…
Who’s in the market for debt? Dar Al Fouad Hospital, Waterway Developments, Conrad Hotel
The Arab African International Bank will arrange and manage a EGP 1 bn syndicated loan for Dar Al Fouad Hospital,…
National Bank of Egypt to provide EGP 1 bn loan for Cairo Airport Terminal 1 development, receives ISO 27001 certification
The National Bank of Egypt (NBE) will provide the Cairo Airport Company almost half of theEGP 2.2 bn loan needed…
Banque Misr could provide EGP 6.6 bn in sharia compliant loans to seven real estate developers
Banque Misr could provide EGP 6.6 bn in sharia-compliant loans to seven real estate developers, Al Shorouk reports, citing unnamed…
Who’s in the market for debt? Vetopharm Int’l + EDB
Vetopharm International has obtained a EGP 650 mn syndicated loan from local banks to finance a new production facility in…
Raseedy rolls out independent digital wallet with SAIB Bank, Mastercard
Cairo-based telecoms app Raseedy has launched a digital wallet in partnership with SAIB Bank and Mastercard, according to a press…
Egyptian Airports Co. seeks EGP 2.5 bn loan to develop Hurghada, Giza airports
The Civil Aviation Ministry’s Egyptian Airports Company is in talks with a number of local banks for an EGP 2.5…
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