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Agency to pump new funds for activities currently booming due to spread of coronavirus
Banks reveal initiative details initiative, microloans in trouble
Vice Chairperson and CEO of NSB Sharif Farouk denied what was reported about the bank not adhering to the CBE instructions due to his affiliation to the Ministry of Social Solidarity, noting that the bank coordinates with the CBE in this regard.
Initiative includes clients of financial leasing, real estate, factories , SMEs, personal loans, car loans, credit cards
Holding WEF in Egypt while other countries cancel their international activities sends great message about economic situation in country: Maya Morsi
Growth of the real estate sector contributes to the continuous improvement of economic indicators: deputy governor
20% of the total cost of implementing a housing compound project in the beach area of New Alamein City
CIB, QNB, Credit Agricole, and ADIB are the main beneficiaries of the decision
The loan will finance inventory needed to operate ESISCO production lines
Ethiopia’s loan programme to address same challenges Egypt faced before November 2016
Banque Misr’s portfolio of SMEs reaches EGP 26bn by the end of September 2019
This step reflects the bank’s efforts in supporting the Egyptian economy, says Azab
The facility will be used to finance Mall of Arabia’s new development plans, including the development of Cairo’s first in-mall IKEA store in western Cairo with a gross leasable area of 22,000 sqm.
Talal Abu-Ghazaleh Organisation will complete the company’s restructuring in December: Source
Bank pumped EGP 19bn to about 900,000 SMEs
Loan to finance 50% of new mall on Cairo-Sokhna road
Naeem maintains BUY reccomendation for MNHD with TP of EGP 8.59/share
Company eyes EGP 5.5bn sales of Jefaira project, says CEO
This is the first Developmental Financial Institution (DFI) to lend Raya since inception.
The loan is expected to be disbursed in two instalments, the first of €3.4m and the second of €1.6m, Khalil noted.
DNE sheds light on key performance indicators of banks operating in local market in April 2019
The IMF’s board approval of fifth review will allow Egypt to receive the last $2bn tranche of its loan.
Fund calls on improving access to finance, industrial land allocation, competition, transparency, management of state-owned enterprises
‘I am trying to solve the problems and cases raised against me and I hope to return to Egypt,’ says Egypt’s ex-Finance Minister
Tourism revenues estimated at $10-12bn this year, targeted to reach $20bn annually
Loan will be used to continue funding beet sugar factory in Al Salihiya at Sharqeya
Maintaining reform momentum is essential for job creation, supporting middle class, says IMF Egypt Mission Chief
Coalition includes NBE, Banque Misr, Banque du Caire, SAIB, EDBE, Suez Canal Bank
Programme co-financed by World Bank
Germany decided to disburse the second tranche of the German Government Owned Development Bank’s (KFW Group) soft loan to Egypt, authorised by the German government, which was worth more than $250m, according to a press statement by the German embassy to Cairo on Monday. The second tranche’s disbursement agreement is expected to be signed today …