Featured Egypt’s Mashroak finances 221k projects in decade Aya Anwar Sep 8, 2025 0 Egypt’s national development programme Mashrook has financed about 221,000 small and medium-sized enterprises…
Featured Italy secures €8.7b in 6th EU recovery payment Aya El Sayed Dec 24, 2024 0 Italy received its sixth payment under the EU's recovery plan, totalling €8.7 billion.
Featured ADB approves $173m for Cambodia’s climate-resilient Water Aya El Sayed Dec 3, 2024 0 The Asian Development Bank (ADB) has approved $173 million in loans and grants to bolster climate-adaptive water…
Featured COP29 draft deal proposes $1T climate finance Aya El Sayed Nov 21, 2024 0 The COP29 UN climate summit unveiled a draft deal Thursday in Baku, proposing at least $1 trillion in annual…
Featured Egypt announces loan scheme for ceramic industry Aya El Sayed Nov 11, 2024 0 Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir,…
Featured Mashro’ak finances 213.5K projects across Egypt Aya El Sayed Sep 29, 2024 0 The national community development project "Mashroak" has financed 213.5 thousand projects with loans totalling EGP…
Featured EU approves Greece’s 4th recovery payment of €998.6m Aya El Sayed Sep 5, 2024 0 The European Union (EU) has endorsed a positive preliminary assessment of Greece's fourth payment request for…
Featured Bpifrance’s role in European finance solidified with €50b in loans Aya El Sayed Aug 26, 2024 0 Bpifrance, France’s state-owned merchant bank, has established itself as a key player in European finance,…
Egypt News Egypt’s bank lending hits EGP 6.831t by end of April ’24 Nada Ali Aug 19, 2024 0 Egypt's banking sector saw a notable increase in loan balances to 6.831 trillion Egyptian pounds by April 2024.
Banks China’s yuan-denominated loans surge to $1.89t in 7 months Nada Ali Aug 13, 2024 0 China's yuan-denominated loans expanded significantly during the first seven months of the year, reaching a total…
Featured EU approves €4.2b aid package for Ukraine Aya El Sayed Aug 6, 2024 0 Ukraine is set to receive nearly €4.2 billion in grants and loans following the EU Council's approval of the first…
Featured Eurozone households renew loan demand – ECB Aya El Sayed Jul 16, 2024 0 Eurozone households are increasingly applying for loans for the first time in two years, driven by economic…
Featured Goldman Sachs to double lending to ultra-wealthy clients Aya El Sayed Jun 13, 2024 0 Goldman Sachs plans to significantly increase its lending to ultra-wealthy private bank clients over the next five…
Featured Sri Lanka offers concessionary loans to struggling SMEs Aya El Sayed Jun 2, 2024 0 The Sri Lankan government will offer loans with a 7 per cent concessionary interest rate to small- and medium-scale…
Featured Global banks target carbon emissions in real estate loans Aya El Sayed Jun 2, 2024 0 Loans to commercial real estate at major banks face new tests due to carbon emissions and green regulations, as…
Real Estate China’s Country Garden secures deal to delay bond payments Nada Ali Apr 24, 2024 0 Struggling Chinese property developer Country Garden has secured an extension on payments for three onshore bonds.
Featured South Korea commits 420T won for green projects Aya El Sayed Mar 19, 2024 0 South Korea pledged a massive 420 trillion won ($313.4 billion) in policy loans aimed at funding initiatives that…
Banks Chinese banks issue $17b in whitelist loans Nada Ali Feb 21, 2024 0 China's housing regulator has given the green light to 123.6 billion yuan ($17.20 billion) in development loans and…
Banks Moody’s downgrades NYCB bank Aya El Sayed Feb 7, 2024 0 Moody’s Investors Service downgraded New York Community Bancorp's (NYCB) credit rating to junk status, according to…
Banks Emirates NBD-Egypt bank launches solar energy loans Aya El Sayed Feb 6, 2024 0 Emirates NBD-Egypt announced on Tuesday a personal loan offering for solar panel purchases, promoting the use of…
Banks QNB reports 8% profit rise Aya El Sayed Jan 11, 2024 0 Qatar National Bank (QNB), the largest bank in the Gulf by assets, announced on Thursday an 8 per cent increase in…
Money Egypt is exploring affordable loans from China, Japan – minister Fatma Ibrahim Sep 22, 2022 0 Egypt is exploring financing financing options that include affordable loans from China and Japan, Finance Minister…
Money National Bank of Egypt mulls arranging syndicated loans worth EGP 270 billion mohamed Hamdy Jul 7, 2021 0 The National Bank of Egypt (NBE), the country’s largest public lender, is studying arranging a number of syndicated…
Featured 2.6mn Egyptian pounds loans offered for 297 projects in 13 governorates – minister Amwal Al Ghad English Aug 2, 2020 0 Egypt's Local Development Minister said on Friday the ministry’s Local Development Fund approved in July loans…
Money Egypt taps NBD, FAB to arrange $1 billion loan Amwal Al Ghad English Jun 17, 2020 0 Egypt has tapped Emirates NBD and First Abu Dhabi Bank (FAB) to arrange a loan worth more than USD 1 bn as it tries…
Banks U.S. Federal Reserve to launch $2.3 trillion in Main Street loans as part of coronavirus… Amwal Al Ghad English Apr 10, 2020 0 The U.S. Federal Reserve is working on providing up to $2.3 trillion in loans to support American households and…
Money Egypt’s MSMEDA negotiating €50 million loans from World Bank, EU mohamed Hamdy Dec 25, 2019 0 Egypt’s Micro, Small and Medium Enterprises Development Agency (MSMEDA) is negotiating for €50 million ($55.5…
Featured EALB posts personal loans of EGP720mln in 2019 mohamed Hamdy Oct 21, 2019 0 State-run Egyptian Arab Land Bank (EALB) announced that its personal loans portfolio has increased to 720 million…
Money Egypt’s CIS, Agricultural Bank renews credit insurance cover deal for loans Eslam Abdelhameed Oct 10, 2019 0 Egypt’s Cooperative Insurance Society (CIS) has renewed a loan insurance cover agreement with the Agricultural Bank…
Money Egyptian Arab Land Bank secures EGP13.2bn loans by Sep-end mohamed Hamdy Oct 9, 2019 0 The state-owned Egyptian Arab Land Bank (EALB)'s loans portfolio has increased to 13.2 billion Egyptian pounds by…
Money NBE to direct EGP45bn of loan portfolio into industrial sector Sanaa Allam Oct 2, 2019 0 National Bank of Egypt (NBE), the country's largest state bank, seeks to direct 45 billion Egyptian pounds ($2.7…
Money Egyptian Raya Holding’s unit gets $39.8mn loans in 8 months Amwal Al Ghad English Sep 19, 2019 0 Aman for Microfinance, owned by Egypt’s Raya Holding For Financial Investments, has obtained 650 million Egyptian…
Money Egypt banks hiked SMEs loans to $9 bln since 2016: El-Etreby Ahmed Ali Sep 17, 2019 0 Banks in Egypt have extended more loans to small and medium-sized firms in the first half of the year, heeding the…
Money AlexBank first-half net profit grows 6.3% mohamed Hamdy Aug 15, 2019 0 Egypt’s AlexBank, part of Italian bank Intesa Sanpaolo, said on Thursday that its first-half net profits rose 6.3…
Money Egyptian Raya Holding’s unit in talks over $30.1 mln loans Amwal Al Ghad English Jul 15, 2019 0 Aman for Microfinance, owned by Egypt's Raya Holding For Financial Investments, seeks to borrow 500 million…
Money National Bank of Egypt eyes more loans, deposits, profitability by June 2020 Ahmed Ali Jul 4, 2019 0 National Bank of Egypt, the country’s largest bank by assets, says it targets 15-20 percent growth in loans,…
Money Egypt’s Orascom Development inks $227.2 mln loan restructuring deal Amwal Al Ghad English Jun 15, 2019 0 Egypt’s Orascom Development Holding said on Thursday it has signed a deal to schedule its loans worth 3.8 billion…
Money Banque du Caire profit after tax jumps 200% in 2018 Abdel Halim El Gendy Apr 18, 2019 0 Egyptian state-run lender Banque du Caire said on Thursday its after-tax profit in 2018 rose 200 percent to around…
Banks Egypt’s OUD to secure $370mn loans for Ain Shokhna’s industrial project Amwal Al Ghad English Apr 11, 2019 0 Egypt's Oriental Urban Development (OUD), an affiliate to Oriental Weavers, announced plans to borrow loans of 6.5…
Banks Sisi directs Egypt’s c.bank to reduce interest rate on youth loans Amwal Al Ghad English Feb 18, 2019 0 Egypt's President Abdel-Fattah El-Sisi wants the interest rate on loans to young people to be reduced to 5 percent,…