IDB Allocates EGP1.4 billion for Egypt’s West Damietta Power Plant
The Islamic Development Bank (IDB) contributes with EGP 1.4 billion to finance the upgrade project of West Damietta…
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Banks news
Banque Misr Eyes SMEs Financing Portfolio Totals EGP1.5 bln by FY14-end
Banque Misr’s strategy for the current fiscal year 2013/2014 targets expanding in financing small and medium…
Banque Misr Says May Pump EGP4 billion in Joint Finance Deals
Banque Misr intends within 2014 to pump 4 billion Egyptian pounds in a number of joint funding processes,…
Industrial Development Bank Secures EGP200mn Loan From Egypt’s SFD
Industrial Development & Workers Bank of Egypt (IDWBE) will sign next month loan agreements of EGP 200 million…
Italy to Unveil a Second Credit Line with Egyptian Banks Soon
The Italian Technical Cooperation Agency will be opening soon a new credit line with a number of Egyptian banks,…
EIB, Egypt Ink €205 mn Loan Deal to Finance El Shabab Power Plant
Egypt signed today a loan agreement worth € 205 million with the European Investment Bank (EIB), designated…
Federation of Egyptian Banks Plans EGP200 mln Contribution to Informal Areas
Federation of Egyptian Banks(FEB) plans to allocate EGP 200 million from the Banking System’s profits by the end of…
ECB Holds Rates at Record Low, Puts Focus on March
The European Central Bank left interest rates at a record low on Thursday but said it remained ready to act,…
Egypt’s Foreign Cash Reserves Surge $73 million in January 2014
Egypt's foreign exchange reserves surged by $ 73 million to $ 17.104 billion in January from $ 17.031 billion in…
Egypt Farm Bank Says SFD’s Total Finances Hit EGP2 billion
Egypt's main agricultural bank PBDAC registered total finances granted by Social Fund for Development (SFD),…