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Arabian Cement reschedules USD 30.9 mn loan
Arabian Cement announced receiving approval to reschedule a USD 30.9 mn loan from National Bank of Egypt, according to a…
BANKING + FINANCE
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BANKING + FINANCE
EGPC subsidiaries seeking EGP 10 bn loan
Misr Petroleum Company and Co-operation Petroleum Company are in talks with a local banking consortium to secure a EGP 10…
CBE to provide EGP 2 bn assurance for SME financing
The Central Bank of Egypt’s board of directors agreed to provide the Credit Guarantee Company (CGC) with a EGP 2…
AT Lease considering adding factoring business
Al Tawfeek Leasing (AT Lease) says it is assessing expanding its operations to include a factoring business, according to a…
Six banks to lend Tanmeya for Leasing and Investment EGP 360 mn
A consortium of six banks is lending Tanmeya for Leasing and Investment (EgyLease) EGP 360 mn to build up its…
Finance Ministry to keep customs rate at EGP 16
The Finance Ministry will keep the exchange rate for customs stable at EGP 16 per USD 1 for January 2018,…
Consortium of international financing institutions arranging USD 662 mn facility for EGPC
A consortium of international financing institutions is arranging a USD 662 mn short-term credit facility for the Egyptian General Petroleum…
FRA approves issuance of EGP 1.1 bn securitization bonds
The Financial Regulatory Authority approved the issuance of around EGP 1.1 bn in securitization bonds by the Egyptian Securitization Company.…
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