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Egyptians pour EGP 30 bn into new high-interest savings certificates
EGP 30 bn pours into new high-interest savings certificates: Egyptians invested EGP 30 bn into the new 15% fixed rate…
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Al Ahly Sabbour to invest EGP 5 bn in Keeva project
Al Ahly Sabbour is planning to seek a EGP 1 bn loan from local banks to finance its planned EGP…
EGOTH in talks with banks for EGP 400 mn loan to renovate Sofitel Winter Palace
The Egyptian General Company for Tourism and Hotels (EGOTH) is in talks with unnamed local banks for a EGP 400…
Fawry, National Bank of Egypt to begin distributing 43k PoS devices to stores
The National Bank of Egypt (NBE) and e-payments platform Fawry are rolling out 43k point of sale (PoS) devices in…
MNHD plans new EGP 2 bn securitized bond offering
DEBT WATCH- MNHD plans new EGP 2 bn securitized bond offering: Madinet Nasr for Housing and Development is considering issuing…
Fintech startup Khazna secures seed funding led by Algebra Ventures
STARTUP WATCH- Khazna secures seed funding led by Algebra Ventures: Egyptian fintech startup Khazna has raised an undisclosed amount of…
Egyptian banks required to establish in-house financial inclusion departments
Banks are now required to set up departments to oversee financial inclusion strategies and advise the Central Bank of Egypt’s…
Karim Soos appointed as National Bank of Egypt’s retail CEO
MOVES- Karim Soos (LinkedIn) has been appointed as the National Bank of Egypt’s retail CEO, succeeding Alaa Farouk, Masrawy reports.…
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