Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Logistics (MENA) 
What we’re tracking on 17 January 2019
Good morning, friends, and thank you for choosing to end your week with us. We’re still in the process of…
banking
Home
/
banking
Central Bank of Egypt excludes retailers from EGP 200 bn SME financing initiative
The Central Bank of Egypt (CBE) has excluded retail-focused SMEs from its facilitated financing initiative in a bid to reroute…
NBE, QNB, BM consortium to arrange loan for Egypt’s Abu Qir Fertilizers
A banking consortium comprised of the National Bank of Egypt, QNB Al Ahli, and Banque Misr has pledged to arrange…
Earnings watch: Egypt’s QNB Al Ahli reports net profit of EGP 7.2 bn in FY 2018
EARNINGS WATCH- QNB Al Ahli reported a net profit of EGP 7.20 bn in FY2018, up 30% y-o-y from EGP…
HSBC Egypt tops Euromoney’s list of top local trade finance providers
HSBC Egypt was voted the top provider of trade finance services, according to Euromoney’s Trade Finance Survey 2019 results. Businesses…
NUCA to receive EGP 20 bn syndicated loan, to issue EGP 10 bn-worth of bonds
The New Urban Communities Authority (NUCA) is set to sign a EGP 20 bn syndicated loan agreement with local banks…
Central Bank of Egypt finalizes draft Banking Act, sends to Cabinet for review
LEGISLATION WATCH- The central bank has finished drafting its new Banking Act and has sent it to the Madbouly Cabinet…
Egypt’s parliament committee gives nod to proposed amendments to Income Tax Act
LEGISLATION WATCH- Proposed changes to how banks are taxed get committee-level approval in the House: The House Planning and Budget…
Something went wrong. Please refresh the page and/or try again.