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Cotton & Textile Industry Holding Co. to borrow EUR 540 mn from Swiss and Italian banks
The Cotton and Textile Industry Holding Company is planning to borrow EUR 540 mn from a consortium of four Swiss…
BANKING + FINANCE
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BANKING + FINANCE
NBE, BdC arrange EGP 3 bn to EgyptAir
The National Bank of Egypt (NBE) will provide EGP 1.8 bn of a 10-year, EGP 3 bn loan to EgyptAir…
BdC SME lending up 23% in 1H2020
Banque du Caire increased its lending to SMEs by 23% to EGP 11 bn during 1H2020, Chairman Tarek Fayed said…
Al Ahly Capital to set up new financial services arm Tamkeen
National Bank of Egypt (NBE) investment arm Al Ahly Capital is looking to set up a new financial services holding…
CIB, MNHD sign EGP 1.1 bn syndicated loan agreement
Our friends at CIB will be leading a consortium to arrange a EGP 1.1 bn syndicated loan for Madinet Nasr…
EFG’s valU, Al Futtaim to provide no-interest payments to Egypt’s shoppers
EFG Hermes’ fintech arm valU has signed an agreement with Al Futtaim Group to offer six-month no-interest installment plans to…
Attijariwafa subsidiary gets approval to sell life insurance in Egypt
Attijariwafa Bank Group subsidiary Wafa Assurance has earned a license from the Financial Regulatory Authority to set up a EGP…
GASCO in talks to obtain USD 300 mn loan for expansions
The Egyptian Natural Gas Company (GASCO) is in talks with three unnamed local banks for a loan of up to…
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