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South Cairo and Giza Flour Mills launches property insurance policy tender
The state-run South Cairo and Giza Mills and Bakeries has put out to tender a new insurance policy to cover its…
EBRD studying $300 million loans for Egyptian banks
The European Bank for Reconstruction and Development (EBRD) says it is studying giving some banks in Egypt new…
Banque Du Caire to double SME lending to 4 bln Egyptian pounds at year-end
Banque Du Caire, one of Egypt's largest and oldest public lenders, is planning to double its financing for small…
Foreign currency inflows into Egypt’s banking system hit $25 bln since float
Egypt’s central bank governor Tarek Amer said Sunday that foreign currency inflows into the banking system reached…
3 insurers vying to win Egypt GASCO’s insurance policy tender
Three insurers are competing to win a property insurance policy tender launched by the state-run Egyptian Natural…
Banque Misr sold $5 billion to cover imports since pound float; chairman says
Egypt’s second largest state-owned lender, Banque Misr said Sunday it has provided around $5 billion to cover…
EBRD, Egypt sign €186 million Fayoum wastewater plant upgrade project
Egypt and the European Bank for Reconstruction and Development (EBRD) signed Sunday a €186 million ($208 million)…
EFG Hermes unit arranges syndicated loan worth 250 mln Egyptian pounds
Cairo-based investment bank EFG Hermes said Saturday its unit has completed arranging a syndicated loan worth 250…
Egypt banks commit 3 bln pounds to CSR projects: official
Banks in Egypt have contributed around 3 billion Egyptian pounds ($165.8 million) to corporate social…
Moody’s upgrades Kuwait and UAE credit outlook, cuts Qatar’s debt rating
Moody’s Investors Service has upgraded Sunday its creditworthiness outlook for both the UAE and Kuwait, but…