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Fawry to allow Egyptian retailers to obtain bank loans through Fawry Plus
Fawry is planning allow retailers to apply for bank loans through its Fawry Plus branches in partnership with local banks,…
Raya Holding subsidiary to increase credit portfolio to c.EGP 500 mn
Raya Holding’s microfinance arm Aman intends to increase its credit portfolio to about EGP 500 mn by the end of…
Misr Italia in talks with unnamed Egyptian banks for EGP 1.5 bn loan
Real estate developer Misr Italia is in talks with unnamed local banks to arrange EGP 1.5 bn in financing for…
Fawry to launch in UAE this summer
Fawry has signed an agreement with Dubai Islamic Bank to launch a trial run in the UAE this summer, CEO…
Boutique banks grab a slice of the M&A action
Boutique banks grab a slice of the M&A pie: The rise of “boutique” banks, many of which have been founded…
Elsewedy Electric agrees to EUR 42 mn loan from National Bank of Greece
Elsewedy Electric’s board of directors approved yesterday receiving a EUR 42 mn loan from the National Bank of Greece, according…
Crypto businesses will need to obtain licenses under proposed Banking Act
LEGISLATION WATCH- Aspiring crypto businesses are going to need licenses: Companies looking to establish digital currency and cryptocurrency platforms will…
Industrial Development Bank to contribute USD 10 mn to El Canal Sugar’s loan
The Industrial Development Bank is providing USD 10 mn in a syndicated loan for El Canal Sugar Company, a bank…
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