Banque Misr inks protocol to finance industrial tannery zone project
Cairo Company for Urban and Industrial Investment and Development has signed Thursday a cooperation protocol with…
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Egypt signs World Bank $1 billion second tranche deal
Egypt has signed Thursday a deal to obtain a payment of $1 billion from the World Bank Group, the second of three…
EBRD, AlexBank sign $100 million deal to boost SMEs, trade activities in Egypt
The European Bank for Reconstruction and Development (EBRD) is providing AlexBank, a member of Italian bank Intesa…
Egypt signs BNP Paribas-led $650 million loan for two power plants
Egypt’s state-run Egyptian Electricity Holding Co. has signed Wednesday a $650 million loan agreement with BNP…
World Bank board approves second $1 bln tranche of $3 billion loan to Egypt
The World Bank's board of executive directors approved Tuesday a second $1 billion disbursement of a $3 billion…
Bank of Japan keeps rates unchanged, upgrades economic outlook
The Bank of Japan (BOJ) has kept policy unchanged on Tuesday at the conclusion of its two-day policy meeting, as…
Italy seeks to borrow €20 billion to support banking sector
Italy’s government decided Monday to seek parliamentary approval in order to borrow €20 billion ($ 20.7 billion) to…
Banque Misr: deposits jump to 440 billion Egyptian pounds in one year and half
The deposits of Egypt’s second biggest bank, the state-owned Banque Misr have jumped to 440 billion Egyptian pounds…
World Bank board to vote Tuesday on Egypt’s $1bn second tranche: minister
The World Bank’s board will vote Tuesday on sending Egypt the second tranche worth $1 billion of a budget support…
Egypt’s state land bank says to launch the country’s 1st property fund in Q1
The state-run Egyptian Arab Land Bank (EALB) is planning to launch the first property fund in the country within…