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Money
EFG Hermes launches second annual Egypt Conference
EFG Hermes’ second annual Egypt Conference began yesterday hosting the international investment community for three…
BM Leasing seeks to pump funds of 1 bln pounds in 2018
BM for Financial Leasing (BM Lease) aims to pump funds in the market of 1 billion Egyptian pounds ($56 billion)…
World Bank agency to provide credit facilities for Egypt’s solar energy flagship
The World Bank's Multilateral Investment Guarantee Agency (MIGA) announced that it will provide Egypt with $102.6…
Egypt’s NBE injects 18.5 bln pounds to finance SMEs
The National Bank of Egypt (NBE) has pumped 18.5 billion Egyptian pounds to fund 17,800 small and medium projects…
Egypt’s budget deficit falls 4.4% in H1-FY 2017/18: minister
Egypt’s budget deficit fell 4.4 percent in the first half of financial year 2017/18, compared to five percent…
Banque Misr plans to open a new office in Italy
Egypt’s second-largest state-run lender Banque Misr is considering opening a representative office in Italy to…
MSMEDA provides 4.8 bln pounds to fund SMES in 2017
The Micro, Small, and Medium Enterprise Development Authority (MSMEDA) has injected 4.8 billion Egyptian pounds to…
Egyptian mortgage companies pump funds of 1.4 bln pounds in 11 months
The total value of mortgage granted by mortgage companies in the first 11 months of 2017 recorded 1.4 billion…
Egypt’s external debt hits $81 billion: finance minister
Egypt’s external debt has reached $81 billion, the country’s finance minister said in a television interview on…
GIG-Egypt, Germany’s Hannover Re reach reinsurance renewal deal
Egypt’s Arab Misr Insurance Group (GIG) has reached a further one-year renewal for its reinsurance agreement with…