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Suez Canal Authority agrees with FinMin to pay off debts to state-owned banks
The Suez Canal Authority (SCA) has reportedly reached an agreement with the Finance Ministry that will see the ministry paying…
BANKING + FINANCE
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BANKING + FINANCE
AAIB in talks with banks to arrange EGP 1 bn joint loan for Middle East Glass
The Arab African International Bank (AAIB) is looking to arrange a EGP 1 bn joint loan for EGX-listed Middle East…
European University in Egypt in talks for EGP 750 mn loan
The European University in Egypt is in talks with banks, including Banque Misr and the National Bank of Egypt, for…
Vodafone takes out EGP 2.1 bn from two bank loans to fund capital expenses
Vodafone Egypt has withdrawn EGP 2.1 bn worth of financing from two bank loans, bank sources familiar with the matter…
Egypt’s banks to roll out Meeza debit cards in April to bank account holders
Local banks will begin rolling out state-backed “Meeza” debit cards in April to bank account holders, according to Al Mal.…
Misr Capital Investments looks to launch first direct investment fund by year-end
Banque Misr’s investment arm Misr Capital Investments is planning to launch its first private equity fund before year-end and is…
Egypt’s NUCA names managers of planned EGP 10 bn bond securitization
The New Urban Communities Authority has selected EFG Hermes, CIB, National Bank of Egypt, and Arab African International Bank to…
Global Lease to borrow USD 10 mn from EU-based funds to diversify sources
Global Lease is planning to borrow USD 10 mn from two unnamed European lenders this year to diversify its financing…
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