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CBE plans to increase electronic POS around Egypt to 1 mn from 72.5k by 2021
The Central Bank of Egypt plans to increase the number of electronic points of sale around the country to one…
BANKING + FINANCE
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BANKING + FINANCE
AfreximBank in talks over USD 800 mn loan for Arab Contractors, Elsewedy Electric
The African Bank for Import and Export (AfreximBank) is considering arranging and managing an USD 800 mn loan for Arab…
United Bank looks to exit three companies by start of 2019
The United Bank of Egypt is looking to exit three companies by January 2019, sources said on Saturday, as the…
HSBC to manage USD 150 mn loan for PICO Group
HSBC is managing and marketing a USD 150 mn loan for PICO that will allow the company to restructure its…
National Bank of Egypt to roll out 500k “Meeza” debit cards in December
The National Bank of Egypt (NBE) is planning to roll out 500k national “Meeza” debit cards next month, through which…
Fawry to invest EGP 400 to improve operations and meet rising demand
E-payments provider Fawry will invest EGP 400 mn to improve the company’s infrastructure and customer service, founder and CEO Ashraf…
FRA approves request from Mubasher to suspend advisory branch
The Financial Regulatory Authority approved Mubasher International’s request to temporarily suspend activities at its financial advisory armfor a year, CEO…
Aman to issue EGP 250-300 mn securities, to establish securitization firm, considers financial leasing
Raya Holding subsidiary Aman is planning to issue EGP 250-300 mn-worth of asset-backed securities, pending Financial Regulatory Authority (FRA) approval…
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