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China UnionPay to expand into Egypt as demand increases
ATM card company China UnionPay is planning to expand into Egypt, sources close to the matter said, according to Al…
BANKING + FINANCE
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BANKING + FINANCE
SME Development Authority in talks with EU and EIB for EUR 87 mn in funding
The SME Development Authority is in talks with the EU and the European Investment Bank (EIB) for a combined EUR…
Beltone’s Auerbach Graysonnamed “Best Performing Broker in Africa”
Beltone Financial’s New York-based brokerage subsidiary Auerbach Grayson & Company has been named “Best Performing Broker in Africa” for Africa…
SMEs authority in talks with WB for USD 200 mn loan to fund Egypt SMEs
The SME Development Authority is in talks with the World Bank for a USD 200 mn loan to finance new…
Kuwait’s KAMCO to launch investment banking operations in Egypt early next year
Kuwait’s KAMCO Investment Company expects to begin operating as a licensed investment bank in Egypt early next year after obtaining…
Lincom Investments hires Grand Investment to manage IPO before year-end
Red Sea-focused real estate investment firm Lincom Investments has hired Grand Investment to manage the IPO of 25% of its…
Fawry Plus signs with 13 major Egyptian banks to offer banking services
E-payments outlet Fawry Plus signed contracts with 13 local banks, including CIB and the National Bank of Egypt, to start…
Investor Protection Fund coverage to expand to EGP 1 mn
The Egyptian Investor Protection Fund (EIPF) is considering expanding its investment portfolio coverage limit to EGP 1 mn from EGP…
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