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Banque du Caire’s Cairo Leasing Company in talks for EGP 450 mn loan
Banque du Caire’s financial leasing arm, Cairo Leasing Company, is in “intensive talks” with two unnamed banks to borrow EGP…
Banque du Caire inaugurates representative office in UAE
Banque du Caire has opened a rep office in the UAE as part of its regional expansion drive, according to…
Elsewedy Electric BoD signs off on USD 150 mn Afreximbank credit facility
The board of directors of Elsewedy Electric has approved signing a USD 150 mn loan agreement with the African Export–Import…
Banque Misr agrees to give Vodafone Egypt EGP 4.5 bn in credit facilities
Banque Misr has agreed to give Vodafone Egypt EGP 4.5 bn in credit facilities that will be used to fund…
Central Bank of Egypt excludes rice, beans, lentils from 100% cash margin
The Central Bank of Egypt has excluded rice, beans and lentils from the 100% cash margin requirement imposed on most…
Egypt’s Bank of Alexandria taps Ziad Bahaa El Din as non-executive chairman
MOVES- Bank of Alexandria has appointed economist and former deputy prime minister Ziad Bahaa El Din as non-executive chairman, according…
EGX committee asks UNB to speed up delisting procedures
The EGX listing committee has asked Union National Bank Egypt to expedite efforts to complete procedures for its delisting from…
Borrowing by emerging market businesses is going through the roof
Credit to non-financial EM businesses is going through the roof: Borrowing by non-financial emerging market businesses has rapidly increased since…
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