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Egypt taps NBD, FAB to arrange $1 billion loan
Egypt has tapped Emirates NBD and First Abu Dhabi Bank (FAB) to arrange a loan worth more than USD 1 bn as it tries…
Egyptian banks net foreign assets plunge 57 % in 9 months
The net foreign assets of Egyptian banking sector plummeted by 57 percent, or 171.5 billion Egyptian pounds …
Egypt’s parliament Oks deal with EBRD to improve energy efficiency
Egypt’s parliament approved a $50 million deal with the European Bank for Reconstruction and Development (EBRD) for…
Egypt ranks first in MENA for innovation, entrepreneur deals – minister
Egypt ranks first in the Middle East and North Africa in terms of the number of deals regarding innovation and…
Egypt to offer fabric face masks on ration cards starting July 1
Egypt said it will offer fabric face masks on ration cards starting July 1, as part of its efforts to limit the…
France’s AFD inks €151 million grant to support Egypt’s energy sector
Egypt has signed on Tuesday a grant agreement worth €151 million ($170.3 million) with the French Development…
EFG Hermes Finance plans to complete Tokio Marine Egypt takeover in Q2
EFG Hermes Finance, part of Egyptian investment bank EFG Hermes, plans to complete its anticipated takeover of…
Egyptian property developer Misr Italia reiterates 2020 contractual sale target despite…
Egyptian real estate developers Misr Italia says it reiterates its target at 4 billion Egyptian pounds ($247.3…
World Bank to provide $400 million to support universal health insurance system in Egypt
The World Bank announced on Tuesday it would provide $400 million to boost universal health insurance coverage in…
EgyptAir eyes EGP 3 billion loan from two state lenders to weather coronavirus crisis
Egypt’s national carrier EgyptAir is seeking a 3 billion Egyptian pound ($185 million) loan to help it weather the…