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SMEs authority in talks with WB for USD 200 mn loan to fund Egypt SMEs
The SME Development Authority is in talks with the World Bank for a USD 200 mn loan to finance new…
What we’re tracking on 13 November 2018: lower policymaking score, oil is still sliding, online banking clients are really profitable
An EBRD report due out today will give Egypt a lower policymaking score this year than it did last year,…
Fawry Plus signs with 13 major Egyptian banks to offer banking services
E-payments outlet Fawry Plus signed contracts with 13 local banks, including CIB and the National Bank of Egypt, to start…
Egypt’s CIB posts 3Q2018 results
EARNINGS WATCH- CIB posts record third quarter earnings: Our friends at CIB delivered a 24% y-o-y rise in net income…
How much longer can the banking system support FX outflows without the central bank releasing some reserves?
How much longer can the banking system support FX outflows without the central bank releasing some reserves? We all know…
NUCA looks to borrow EGP 10 bn for new city construction and infrastructure
The New Urban Communities Authority is looking to borrow EGP 10 bn to finance construction and infrastructure works in the…
Insurance Act to require insurance on electronic banking transactions
LEGISLATION WATCH- Insurance Act to require insurance on electronic banking transactions: The Insurance Act, which is currently under review by…
CBE to soon issue guidelines for e-payments firms looking at limited banking services
The CBE will issue in days guidelines for electronic payment companies looking to carry out electronic banking services as part…
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