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Pharos gets Planning Ministry nod for IFM achievement
Our friends at Pharos Holding were acknowledged by Planning Minister Hala El Said for being named “Best Equity Research Company”…
BANKING + FINANCE
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BANKING + FINANCE
Banque du Caire close to issuing 450k “Meeza” debit cards
Banque du Caire has begun issuing “Meeza” debit cards, CEO Tarek Fayed said, according to Al Mal. The state-owned bank…
AT Lease seeking EGP 1 bn of financing from banks this year
Al Tawfeek Leasing (AT Lease) is seeking EGP 1 bn in financing from banks this year to raise its available…
CIB to arrange USD 80 mn loan to Qalaa’s ERC
CIB is arranging a USD 80 mn loan to Qalaa Holdings’ Egyptian Refining Company (ERC) with a tenor of one…
NBE to loan out EGP 6 bn by June, EGP 600 mn for natgas projects
The National Bank of Egypt (NBE) is planning to loan out EGP 6 bn to its retail customers by June,…
Banks follow Central Bank of Egypt’s lead with interest rate cuts
Major state-owned banks followed the CBE’s lead by cutting interest rates on their changing-yield certificates of deposit (CDs) but left…
Tax Authority, banks meet to discuss implementation of new tax treatment
The Tax Authority met with a committee from the Federation Of Egyptian Banks yesterday to discuss the best way to…
FRA sets a minimum quota for SME leasing and insurance
Microinsurance and financial leasing firms will be required to create designated accounts of a minimum EGP 10 mn to support…
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