United Bank to partake in Telecom Egypt’s 4G loan
The United Bank-Egypt intends to participate in the loan being arranged for Telecom Egypt (TE) to finance the…
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finance
Egypt expects eurobond yield at 5.5-6 pct for Sept/Oct issuance
Egypt expects its eurobond issuance at the end of September or early October to have a yield between 5.5 percent…
Egypt arranges a $1 bln fund from China for sanitation projects
Egypt is currently negotiating for a $1 billion fund from China to finance local sanitation projects, according to…
Egypt’s first tranche of IMF finance worth $4 bln, delivered in 2 installments
The $12 billion loan facility that the International Monetary Fund has preliminarily agreed to provide for Egypt…
CBE allocates $56mn to Mortgage Initiative
Central Bank of Egypt (CBE) allocated 500 million Egyptian pounds for mortgage firms among the first stage of…
WB grants $550mn for Sewage Treatment Service in 155 Egyptian governorates
Egypt’s ministry of housing and World Bank has signed a consultancy contract to finance the sustainable sewage…
EFG Hermes names new CEO to finance division
As a step towards improving the efficiency of financial services and non-banking activities, the CEO of EFG Hermes…
IMF has not imposed conditions on loan package- Egypt’s Finance
The International Monetary Fund (IMF) has not imposed any preconditions on Egypt in order to implement a mooted $12…
World Bank’s Sri Mulyani named as Indonesian finance minister
Indonesia's president on Wednesday appointed World Bank managing director Sri Mulyani Indrawati as the country's…
57% of Egypt’s companies are secluded from banking fund: EIB chief economist
Most companies in Egypt claim that they have restricted access to credit, and about 57% of them are isolated from…
