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Egypt to receive second tranche of USD 3 bn Chinese business district loan
The Housing Ministry will sign today an agreement to receive the second tranche of a USD 3 bn loan arranged…
EGX, AfDB discuss cooperation to develop Africa’s capital markets
EGX, AfDB discuss cooperation to develop Africa’s capital markets: Officials from the EGX discussed cooperation plans to develop capital markets…
Egypt’s first EGP 1 bn fintech fund to launch early 2020
Egypt’s first fintech fund to launch early 2020: The Central Bank of Egypt’s (CBE) EGP 1 bn fund to back…
Egypt’s market regulator grants Tycoon brokerage a short selling license
The Financial Regulatory Authority (FRA) has granted Tycoon Securities Brokerage a short selling license, according to Al Mal. The company…
Three banks cover NUCA’s EGP 6 bn securitization bond tranche
Three local banks fully covered the EGP 6 bn of securitization bonds offered by the New Urban Communities Authority (NUCA)…
ITFC to provide USD 50 mn in loans to Egyptian SMEs in 2020
ITFC to provide USD 50 mn in SME loans in 2020: The Islamic Trade Finance Corporation (ITFC) will channel a…
Fifty-five financial fraud cases worth over EGP 200 mn resolved in one month
The General Administration of Public Money Investigations has resolved fifty-five cases of financial fraud worth a combined EGP 200 mn…
Paynas, five lenders enter final stage talks for loans
Egyptian fintech startup Paynas is in final talks with five venture capital funds over financing agreements it expects to secure…
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