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AAIB sets up EGP 1.5bn syndicated loan to Marakez
Loan to finance 50% of new mall on Cairo-Sokhna road
MNHD, AAIB sign EGP 300m loan agreement to finance Sarai project
Naeem maintains BUY reccomendation for MNHD with TP of EGP 8.59/share
Inertia, Banque du Caire sign EGP 575m loan to develop company’s projects
Company eyes EGP 5.5bn sales of Jefaira project, says CEO
Raya Holding signs €5m loan agreement with EBRD
This is the first Developmental Financial Institution (DFI) to lend Raya since inception.
Raya Foods gets €5m loan from EBRD to finance expansion plan
The loan is expected to be disbursed in two instalments, the first of €3.4m and the second of €1.6m, Khalil noted.
Bank deposit growth slows to 11.46% in April from 11.85% in March
DNE sheds light on key performance indicators of banks operating in local market in April 2019
IMF likely to approve final $2bn of Egypt’s loan next Wednesday
The IMF’s board approval of fifth review will allow Egypt to receive the last $2bn tranche of its loan.
IMF mission completes final review of Egypt’s reform programme for $2bn loan tranche
Fund calls on improving access to finance, industrial land allocation, competition, transparency, management of state-owned enterprises
Egypt has discipline, adheres to economic reforms with no need for another IMF loan: Ghali
‘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
Egypt, IMF discuss future cooperation after loan ends: Amer
Tourism revenues estimated at $10-12bn this year, targeted to reach $20bn annually
Banking coalition funds Al Sharqiya Sugar Manufacturing Company with EGP 3.1bn
Loan will be used to continue funding beet sugar factory in Al Salihiya at Sharqeya
IMF delegation to visit Egypt in May: Lall
Maintaining reform momentum is essential for job creation, supporting middle class, says IMF Egypt Mission Chief
Banking alliance arranges EGP 3.1bn worth joint loan for Samcrete Egypt
Coalition includes NBE, Banque Misr, Banque du Caire, SAIB, EDBE, Suez Canal Bank
Parliament Housing Committee accepts AIIB’s loan to mend sanitation services
Programme co-financed by World Bank
Germany disburses $250m worth tranche of soft loan to support Egypt’s economic reforms
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 …
IMF approves $2bn loan tranche to Egypt: Minister of Finance
The Executive Board of the International Monetary Fund (IMF) approved the disbursement of $2bn to Egypt as the fifth tranche of its $12 loan, the Minister of Finance, Mohamed Moeit, announced on Monday. So far, Egypt has received $10bn from the extended $12bn loan facility signed in 2016. Moeit said that Egypt is expected to …
When will agricultural sector receive appropriate share of funds from banks?
Government received 28.105% of loans, industry 24.627%, services 25.957%, retail 17.286%, trade 7.627%
Negotiation with IMF is going smoothly, $2bn loan tranche to be disbursed soon: Moeit
New taxation draft law to be available for social discussion during next two weeks
Banque du Caire launches electronic loan repayment service, credit card payments in cooperation with Fawry
Service reduces time, effort exerted by customers, supports premium banking services: Banque du Caire CEO
Warnings of Egypt’s postponement of some measures agreed upon with IMF
Measures include determining fuel pricing mechanism, say sources
Egypt’s 4th econmic review for next IMF-loan tranche scheduled for 19 Dec. not ready
We lack information on fuel price indexation mechanism, says EFG Hermes’ research department
Mall of Arabia operates debt-free after paying off EGP2bn loan
Mall’s debt-free status will allow Marakez to continue its expansion plans, develop its current projects
WB announces additional $300m loan for sanitation services in rural Egypt
Project to benefit almost 1 million people, says statement
Pyramids FC signs Syrian Omar Kharbin on loan
Kharbin becomes 12th Syrian player in Egyptian Premier League
Five banks grant syndicated loan of EGP 2.4bn to Oilex for establishment of industrial complex for extraction, refining, packaging of vegetable oils
Loan amounts to 61% of investment cost, financing extends over seven years, including payment and grace period
NBE, China Development Bank sign $600m loan agreement
Loan to be channelled to finance working capital of NBE’s clients
CDB’s total loan commitment to Egypt reaches $5.3bn
Bank likely to inject $2bn in local market by end of 2018, says chief representative
IMF approves 4th $2bn tranche of Egypt’s loan
The Executive Board of the International Monetary Fund (IMF) approved today the disbursement of the fourth tranche of the IMF loan to Egypt worth $2bn, as part of the extended $12bn loan facility over three years. The IMF’s approval followed the completion of the third review of the IMF’s economic reform programme, during their visit …
Metropolitan Egypt secures EGP 7m loan for Hi Style Building Contracting Company
Funding secured from NBE, including EGP 5m to finance operations, EGP 2m for letters of guarantees for tenders, says Nagaty
IFC provides first loan to support Egypt’s construction industry
The International Finance Corporation (IFC), a member of the World Bank Group, is providing a $15m loan mainly in Egyptian pounds to Vinavil Egypt for Chemicals, a leading manufacturer of construction-related materials, to help the company boost production and create jobs, according to a press statement on Wednesday. The statement said that the IFC’s financing …