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FAB Egypt signs financial inclusion MoU with postal service
First Abu Dhabi Bank (FAB) Egypt will work with the postal service to provide financial services after signing an MoU…
BANKING + FINANCE
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BANKING + FINANCE
Who’s in the market for debt: Faragalla Group, BPI
Faragalla Group is reportedly in the market for an EGP 2.05 bn syndicated facility being led by the National Bank…
Italian bank seeks gov’t guarantee for railway loan
An unnamed Italian bank has requested that the oil or transport ministry issue a letter of guarantee for a potential…
GB Auto’s Drive gets FRA nod for consumer finance license
GB Auto’s car finance arm Drive has received preliminary approval from the Financial Regulatory Authority for a full consumer financing…
Edita Food Industries to receive EGP 105 mn loan from Arab Bank
Edita Food Industries signed a medium-term loan worth EGP 105 mn with Arab Bank to finance a new production line,…
Who’s in the market for debt: Hassan Allam, Ezz Steel, GASCO
Hassan Allam Properties is seeking to obtain a EGP 1.6 bn loan to finance various real estate projects under development,…
Egypt’s Fawry mulls launching emerging tech investment arm in 2021
Egyptian e-payment giant Fawry is considering establishing a new company to invest in emerging technology startups and firms, CEO Ashraf…
Who’s in the market for debt: Rooya + Egypt Kuwait Holding’s Nile Wood
The National Bank of Egypt (NBE) and Egypt Kuwait Holding’s (EKH) Nile Wood have signed a EGP 794 mn loan…
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