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Seven banks agree to lend Al Marasem EGP 1.6 bn for New Cairo project
Seven banks have agreed to provide a EGP 1.6 bn Islamic loan to Al Marasem International for Development to finance…
DP in talks with Egypt banks for USD 500 mn Ain Sokhna port expansion
UAE’s DP World is in talks with banks in Egypt to arrange a USD 500 mn loan to finance its…
Network International launches new mobile payment platform in Cairo
Payment solutions provider Network International launched its new Android-powered platform N-Genius in Cairo on Sunday.It is designed to offer credit…
CBE issues guidelines for last year’s directive requiring banks to follow IFRS 9
The Central Bank of Egypt has issued guidelines for a previously announced directive requiring banks to begin presenting their financial…
FinMin, FEB reach agreement on new tax treatment deductibles
EXCLUSIVE- FinMin, FEB reportedly reach agreement on cost-to-income ratio in new tax treatment: The Finance Ministry and the Federation of…
Banque du Caire in talks with Arab lender to secure USD 30 mn loan
Banque du Caire (BdC) is in talks with an unnamed Arab financial institution for a USD 30 mn loan, Chairman…
MIDOR reaches closure for USD 1.2 bn loan with Zaki Hashem as advisor
Middle East Oil Refinery (Midor) has reached financial close on what is believed to be a USD 2.2 bn-expansion and…
CBE amends how state-subsidized mortgages to low-income households will be dispersed
CBE amends how state-subsidized mortgages to low-income households will be disbursed: The central bank amended the terms for how the…
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