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CBE signs MoU with Dubai financial regulator
The Central Bank of Egypt signed an MoU with the Dubai Financial Services Authority (DFSA) at the end of July…
BANKING + FINANCE
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BANKING + FINANCE
Prime Holding moves ahead with establishing consumer financing arm
Prime Holding plans to establish a EGP 100 mn consumer finance subsidiary, Prime said in a bourse filing (pdf). The…
Egypt’s FRA grants Shuaa short selling license
The Financial Regulatory Authority (FRA) has granted Shuaa Securities a short selling license, Masrawy reported. The growing listof brokerages authorized…
Six Egyptian banks begin disbursing EGP 3.1 bn loan to Samcrete
Six local banks — the National Bank of Egypt, Banque Misr, Banque du Caire, SAIB Bank, Suez Canal Bank, and…
Prime Holding mulls establishing consumer finance arm
Prime Holding is conducting a study on the consumer finance sector ahead of potentially setting up a new company, CEO…
Elmobasher for car financing to issue up to EGP 500 mn of securitization bonds
Car financing firm Elmobasher is planning to issue between EGP 400-500 mn of securitization bonds to provide liquidity for expansions,…
Raya Foods secures EUR 5 mn loan from EBRD
Raya Foods received a EUR 5 mn loan from the European Bank for Reconstruction and Development (EBRD) to expand its…
MTS signs EGP 760 mn loan agreement with the National Bank of Egypt for “window project”
Public-private special purpose vehicle (SPV) Misr for Technology Services (MTS) has signed a EGP 760 mn loan agreement with the…
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