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United Bank to launch microfinance unit by year’s end
The United Bank of Egypt is planning to launch a specialized microfinance unit by the end of 2018, Chairman Ashraf…
BANKING + FINANCE
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BANKING + FINANCE
Ethydco in talks with local banks to finance EGP 1.8-2 bn polybutadiene plant
The Egyptian Ethylene and Derivatives Company (Ethydco) is reportedly in talks with local banks to arrange a EGP 1.8-2 bn…
Russian-Hungarian consortium offers to finance 1,300 railway car purchase
A Russian-Hungarian banking consortium has offered to provide the Egyptian National Railways (ENR) with a loan to finance the purchase…
FRA issues regulations for SME reinsurance organizations
The Financial Regulatory Authority (FRA) issued regulations and guidelines for NGOs and civil society organizations selling insurance policies to SMEs…
El Etreby discusses Banque Misr plans to open an office in China
Banque Misr Chairman Mohamed El Etreby spoke to Xinhua about plans to open an office in Beijing, after the bank…
CI Capital managing pharma company listing on the EGX, European listing, alongside other projects this year
CI Capital has a number of transactions in its pipeline in sectors including tourism, real estate, manufacturing, and pharma, Managing…
Misr Travel receives EGP 250 mn loan from India to finance fleet upgrade
Holding Company for Tourism and Hotels subsidiary Misr Travel has received a EGP 250 mn loan from India’s Investment Ministry…
SICO enters talks with four banks for EGP 550 mn facilities to finance investment plans
Egyptian electronics manufacturer SICO is currently in talks with four banks for several facilitated loans worth a combined EGP 550…
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