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AT Lease obtains factoring license
AT Lease has received a final license to provide factoring services for SMEs, according to abourse disclosure (pdf). Tarek Fahmy…
Polaris to invest EGP 300 mn in Bosla second phase this year
Industrial developer Polaris Parks will invest EGP 300 mn this year in the second phase of its Bosla SME complex,…
World Bank, IFC launch advisory program in MENA, including Egypt, to improve MSME access to finance
World Bank, IFC launch advisory program in MENA to improve MSME access to finance: The World Bank Group and the…
House committee wants to expand tax incentives under SMEs Act
LEGISLATION WATCH- House committee wants to expand tax incentives under SMEs Act: The House SMEs Committee has sent a proposal…
House SMEs Committee approves Microfinance Act
LEGISLATION WATCH- House SMEs Committee approves Microfinance Act: The House SMEs committee approved the six amendments to the 2014 microfinance…
CBE ends EGP 5 bn medium-sized business initiative
CBE ends EGP 5 bn medium-sized business initiative: The Central Bank of Egypt has issued a statement (pdf) instructing banks…
House committee to wrap up Egypt’s new SMEs Act in March
LEGISLATION WATCH- SMEs Act up for final vote in March 2020: The House of Representatives’ SMEs committee is expected to…
Saudi Arabian Monetary Authority to grant IDB USD 15 mn
The Saudi Arabian Monetary Authority has agreed to provide a grant of USD 15 mn to the Industrial Development Bank…
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