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SMEs authority looks to provie EGP 2.5 bn in SMEs financing in 4Q2018
The SMEs Development Authority is looking to provide up to EGP 2.5 bn in financing for SMEs before year-end, authority…
BANKING + FINANCE
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BANKING + FINANCE
EFG Hermes, NBE, CIB and AAIB bod on NUCA’s EGP 4.5 bn securitized bond issuance
EFG Hermes has formed a consortium with CIB, National Bank of Egypt (NBE), and Arab African International Bank (AAIB) to…
SIDPEC in talks with local banks for USD 1.2 bn loan for new propylene factory
Sidi Kerir Petrochemicals (SIDPEC) is in talks with local banks for a USD 1.2 bn loan for its new propylene…
HDD BoD approves EGP 1.2 bn loan offer from gov’t bank
State-owned Heliopolis Housing and Development’s (HDD) board of directors approved on Wednesday an offer from an unnamed government bank for…
Sarwa Capital approves EGP 700 mn issued capital increase
Sarwa Capital’s board of directors approved on Wednesday increasing the company’s issued capital by EGP 700 mn through new shares…
Fawry receives SME lending license
E-payments firm Fawry received its license to lend to small- and medium-enterprises earlier this week, the firm’s MD Mohamed Okasha…
NBE, NAT, Metro Company, sign agreement for e-payments at the metro
The National Bank of Egypt (NBE), the National Authority for Tunnels (NAT), and the Egyptian Co. For Metro Management &…
NRA to receive USD 114.98 mn from Korea to automate Naga Hamady-Luxor railway
The National Railways Authority (NRA) is finalizing procedures to receive a USD 114.98 mn loan from Korea’s Economic Development Cooperation…
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