Egypt Cabinet approves $200 million loan from ERBD
Egypt Cabinet approves a loan agreement of US$200 million the European Bank for Reconstruction and Development…
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Banks
QNB 2017 net profit up 6 % to record $3.6 billion
Qatar National Bank (QNB), the Gulf’s largest lender, registered a net profit of $3.6 billion, up by 6 per cent…
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…
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…
Central bank of Egypt warns against Bitcoin transactions
The Central Bank of Egypt (CBE) warned against using virtual currencies, namely Bitcoin, due to the high risks…
IDWBE bank to pump 450 mln pounds in Egypt c.bank’s SMEs initiative
Egypt’s state-run Industrial Development and Workers Bank (IDWBE) seeks to pump funds of 450 million Egyptian…
C.bank says Egypt paid back $700 mln in debt to Paris Club
The Central Bank of Egypt (CBE) paid back around $700 million in debt to the Paris Club this week, the CBE…
Export Development Bank has provided $1.5 to fund trade since Egypt pound float
Egypt’s Export Development Bank has provided around $1.5 billion in letters of credit to fund trade since the…
NBE secures 450 mln credit facilities to 2 firms in electricity sector
National Bank of Egypt (NBE), the country's largest state bank, has pumped credit facilities of 450 million (25…
