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Cooperative Insurance Society creates sustainable insurance guide for local companies
The Cooperative Insurance Society has distributed a guide on sustainable insurance principles to local companies in a bid to encourage…
BANKING + FINANCE
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BANKING + FINANCE
National Bank of Egypt seeks CBE approval to launch digital banking services
The National Bank of Egypt has requested Central Bank of Egypt approval to launch its planned digital bank, which it…
Egypt’s NUCA signs EGP 50 bn syndicated loan agreement
The New Urban Communities Authority (NUCA) has borrowed EGP 50 bn from a consortium of local banks headed by the…
Fiber Misr mulls sukuk issuance
Fiber Misr is considering a sukuk issuance to finance ongoing projects, the local pressreports, citing unnamed sources familiar with the…
Who’s got licenses for what?
CI Capital’s consumer finance arm Souhoola has been awarded a consumer finance license by the Financial Regulatory Authority, the company…
Banque du Caire receives USD 15 mn from Sanad for onlending to SMEs
Banque du Caire has received USD 15 mn from German development bank KfW’s Sanad Fund for on-lending to SMEs, a…
NBE provides Ibn Sina Pharma with a EGP 250 mn short-term credit facility
The National Bank of Egypt will increase the size of Ibnsina Pharma’s short-term credit facility to EGP 250 mn to…
CIAF could bring back its EGP 50 mn sukuk issuance in 1Q2021
Aviation leasing company CIAF could move ahead with its EGP 50 mn sukuk issuance in 1Q2021 if air travel recovers…
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