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CBE to launch QR code-based payment system
The central bank is planning to launch a QR code-based payment system in the next few days, Governor Tarek Amer…
BANKING + FINANCE
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BANKING + FINANCE
NBE to divest assets worth a total EGP 250 mn in 2018
The National Bank of Egypt is looking to divest its stake in assets worth a total EGP 250 mn during…
EBRD to offer Beyti USD 44 mn loan to finance planned expansion
The European Bank for Reconstruction and Development (EBRD) approved a long-term loan of USD 44 mn to Beyti Food Industries,…
CBE, Banks launch the “spare change” initiative
Government banks have begun complying with the Central Bank of Egypt’s directive to set up a unified account to collect…
Golden Pyramids Plaza seeks shareholders’ approval to issue USD 200 mn in bonds
Golden Pyramids Plaza is looking to issue USD 200 mn in USD-denominated bonds to pay for a previous issuance, according…
Moneyfellows raises USD 600k
Fintech startup Moneyfellows raised USD 600k from Dubai-based Angel Investors and 500 Startups, according to Forbes Middle East. Moneyfellows, who…
Naeem shareholders approve DFM listing
Shareholder of Naeem Holding approved the dual listing of shares on the company on the Dubai Financial Market (DFM), according…
ARCO secures EGP 1 bn loan from Arab African
Al Arabia Company For Real Estate Development (ARCO) has secured an EGP 1 bn loan from Arab African International Bank,…
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