MSMEDA injects EGP10mln to covert to convert cars to natgas
Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a 10 million Egyptian pounds deal with…
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Nasser Social Bank ups annual yield of senior citizens’ certificate to 15.5%
Nasser Social Bank (NSB) has decided to increase the annual and monthly yield of a certificate for senior citizens…
Egypt’s FRA: leasing companies can delay loan repayments for 6 months
Egypt’s market watchdog, the Financial Regulatory Authority (FRA) issued a decree that makes mortgage, financial…
Egypt’s central bank cuts interest rates by 3% to buffer economy from coronavirus
Egypt’s central bank cut its main interest rates by 3 percent on Monday as a “preemptive” move to support the…
MSMEDA injects EGP 1.4 bln into industrial projects since 2014
The Micro, Small, and Medium Enterprise Development Authority (MSMEDA) has pumped 1.4 billion Egyptian pounds into…
Egypt’s housing bank pumps EGP 1.26bn into mortgage finance during 2019
Egyptian state-owned Housing and Development Bank’s (HDB) has posted mortgage finance portfolio of 1.26 Egyptian…
Faisal Islamic Bank posts 1.17bln personal loans by 2019 end
Faisal Islamic Bank of Egypt posts personal loans of 1.17 billion Egyptian billion pounds by the end of 2019 …
EBRD, ALEXBANK to boost Egypt SMEs with $100 mln
The European Bank for Reconstruction and Development (EBRD) has signed an agreement with ALEXBANK to support the…
NBK Egypt reports profit increase of 8.3 % 2019
National Bank of Kuwait – Egypt (NBK Egypt) reported an 8.3 percent year-on-year profit increase during 2019.
Egypt’s NBE injects $518.6mn among CBE’s mortgage initiative
Egyptian largest state-owned lender, National Bank of Egypt (NBE) says it has pumped 8.2 billion Egyptian pounds ($…