Egypt signs $135m financing deal for Damietta bioethanol project
Egypt has signed a long-term financing agreement worth $135 million to develop a bioethanol production project in…
Browsing Tag
Housing and Development Bank
Egypt’s NTRA upgrades mobile device registration system
Egypt’s National Telecom Regulatory Authority (NTRA) has expanded the available payment methods for its Telephony…
CIB leads banking sector gains in EGX Sunday trading
In a robust trading session this Sunday, the Commercial International Bank (CIB) led the banking sector’s gains,…
Egypt-UAE currency swap to lure foreign cash, reduce borrowing spree: HDB chair
Egypt’s recent $1.4 billion currency swap agreement with the UAE will help the North African country secure hard…
Egypt’s Housing and Development Bank eyes 25% growth in 2023 – chairman
Egypt’s Housing Development Bank (HDB) has successfully implemented a very ambitious strategy throughout the past…
Egypt’s Housing and Development Bank H1 net profit at EGP1 bln
Egypt’s state-run Housing and Development Bank (HD Bank) reported on Monday a 5.6 percent year-on-year decline in…
Egypt’s Housing and Development Bank H1 net profit at EGP 1 billion
Egypt’s state-run Housing and Development Bank (HD Bank) reported on Sunday a net profit after tax of 1.450 billion…
Ora Developers Egypt signs EGP 2.54 billion loan agreement
Ora Developers Egypt, part of Naguib Sawiris-led Ora Developers Group, signed a loan agreement with four banks for…
Banque Misr lead arranger for EGP 2.5 bln Sawiris-led ZED West project
Egypt's second-largest state bank, Banque Misr is lead arranger for a 2.54 billion Egyptian pound ($162.3 million)…
Egypt’s Housing Bank posts a slight increase in profits during Q1
Housing and Development Bank (HDB) reported a slight increase year-on-year (YoY) in its net during the first…
Egypt’s Gezira Sporting Club to allocate building to quarantine coronavirus patients
The Gezira Sporting Club will dedicate one of its buildings to quarantine coronavirus patients as of next Saturday…
Egypt’s housing bank pumps EGP 1.26bn into mortgage finance during 2019
Egyptian state-owned Housing and Development Bank’s (HDB) has posted mortgage finance portfolio of 1.26 Egyptian…
Egypt’s housing bank pumps EGP6.7bln into personal mortgage in 9 months
Egyptian state-owned Housing and Development Bank’s (HDB) has pumped personal mortgage loans of 6.7 billion…
Orascom to build housing bank’s headquarters in Egypt’s new capital
Egypt's Orascom Construction signed on Monday a deal to build the Housing and Development Bank's (HDB) headquarters…
Egypt’s housing bank pumps EGP 6.6bn into mortgage financing
Egyptian state-owned Housing and Development Bank's (HDB) has posted mortgage finance portfolio of 6.6 billion…
Saudi Arabia’s Alhokair fully pays off Egypt mall loan
Marakez, a subsidiary of Saudi mall developer Fawaz Alhokair, has fully paid off a 2 billion Egyptian pound ($111.7…
Saudi Arabia’s Alhokair seeks early repayment for Egypt mall loan
Marakez, a subsidiary of Saudi Fawaz Alhokair Group, is in talks with seven banks on paying off around 1.6 billion…
NUCA and the Housing Bank cooperate to introduce City Edge Developments
City Edge Developments, a partnership between the New Urban Communities Authority (NUCA) with 60%, the Housing and…
Housing and Development Bank’s property loans surge by 975 bln pounds in 9 months
Egyptian lender Housing and Development Bank's property loans have increased by a value of 975 million…
5 Egyptian public banks approve new funding for micro-sized project initiative
Five Egyptian state-run banks have approved a financing worth 3.09 billion Egyptian pounds ($172.8 million) for…
Egypt’s Amlak eyes 50 mln pounds-sales from two housing projects this year
Egypt’s Amlak Real Estate Investment and Marketing says it targets achieving sales of 50 million Egyptian pounds…
Egypt’s state agriculture bank injects 635mn pounds in micro-sized project initiative
Egypt’s main agricultural lender, the Egyptian Agricultural Bank has pumped 635 million Egyptian pounds ($33.5…
Dollar vs Egyptian pound at early Sunday interbank in 17 banks
The table below demonstrates the selling and buying prices of U.S. dollar against the Egyptian pound in 17 banks…
Egypt’s state-owned Housing and Development Bank goes live on Temenos core banking system
Temenos (SIX: TEMN), the software specialist for banking and finance, announced on December 6th that one of Egypt’s…
Egypt’s Acumen to launch HDB’s property fund in Q1
Egypt-based investment bank Acumen Holding has won the management of the Housing and Development Bank’s (HDB)…
Egypt pound vs dollar in interbank trade at 18 banks
US dollar traded to an average of 15 for buying and 15.65 for selling to Egyptian pound in interbank dealings on…
Acumen Beltone wins management of HDB bank’s 1st property fund
Acumen Beltone, a joint venture between investment banks Beltone Private Equity and Acumen Asset Management, is…
Dollar further fell against Egypt pound at early interbank trade
Dollar trade further dropped to an average below of 14 level for buying and below 16 for selling to Egyptian pound…
Dollar slips against Egypt pound at early interbank trade after IMF loan approval
Dollar trade fell to an average below of 16 level to Egyptian pound in four banks during early interbank dealings…
Dollar calms against Egypt pound following IMF $12 billion bailout approval
US dollar trade calmed significantly against Egyptian pound in 19 banks during interbank dealings in Egypt on…
Dollar stablises against Egypt pound at interbank trade
Dollar stablised against Egyptian pounds in 19 banks during interbank dealings on Thursday. For the biggest banks…
Dollar rises against Egypt pound in 7 banks at early interbank trade
Dollar edged higher against Egyptian pound in seven banks in early interbank dealings on Tuesday. The seven banks…
UPDATE: Egypt pound vs dollar in 20 banks at post-free floating trade
Dollar has continued its rise against Egyptian pound during interbank dealings on Monday. Pound was quoted at 17.5…
As post-free float trading begins, get to know dollar prices in 16 Egypt banks
Egyptian banks start trading currency on Sunday without central bank restrictions for the first time after policy…
Sisi’s Long Live Egypt launches savings certificates in six banks
The Long Live Egypt Fund (Tahya Misr), a fund created by Egyptian President Sisi to assist national economy, has…
Housing & Development Bank, SFD-Egypt prep for new microfinance contract
Egypt’s Social Fund for Development (SFD) is to sign in the coming few days a new financing contract with the…
Four Egyptian banks brace for biggest ever loan to build 500k low-income homes
Four Egyptian banks will be arranging the biggest financing in the history of the country’s housing sector worth 20…
EXCLUSIVE: Who’s who Egypt bank CEOs likely to leave on 9-year term limit decree
The decision of Egypt's central bank on Thursday to set a 9-year term limit for all banks’ CEOs will force ten of…
Housing and Development Bank to pump 3 bln Egyptian pounds into SMEs in 4yrs
Egyptian lender Housing and Development Bank (HDB) is planning to pump 3 billion Egyptian pounds ($335.2 million)…
Egypt’s Housing and Development Bank to open 9 branches
Egyptian-based Housing and Development Bank (HDBK) board of directors approved opening of nine new branches in…