Egypt: 140 Central Bank, State-owned Banks’ Officials Recently Resign
In Egypt, around 140 officials of the central bank and other major state-owned banks; National Bank of Egypt,…
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NBE
Egypt’s Biggest Lender Mulls Financing Majid Futtaim’s Upcoming Expansions
Egypt’s biggest state-owned lender, the National Bank of Egypt (NBE) is studying funding UAE Majid Al-Futtaim’s…
Vodafone Egypt to Impose 1% Fees on Vodafone Cash Services by December
Vodafone Egypt starts to impose new fees on Vodafone cash services by 1% from the beginning of the next month which…
Egypt’s Biggest Lender Mulls $900mn Finances for Electricity, Transport Sector
Egypt’s biggest state-owned lender, the National Bank of Egypt (NBE) is in ongoing talks to pump US$900 million in…
Egypt’s Biggest Lender Plans EGP10bn Finances for Contracting Sector
Egypt’s biggest state-owned lender, the National Bank of Egypt (NBE) will allocate around EGP10 billion (US$ 1.4…
Egypt’s El Sewedy Electric to Borrow US$500mn for Power Plant
El Sewedy Electric (SWDY) is negotiating with a number of banks working in Egypt to borrow $500 million, said…
National Bank of Egypt Approves 1066 Low-income Mortgage Finance So Far
As pursuant to the central bank’s initiative, the National Bank of Egypt has approved so far 1066 low-income…
ISYS Kuwait’s Business Volume to Surge to US$1 bln in 5 Years
Managing Director and CEO of ISYS Kuwait Group Eng. Mohamed Al Rasheedy revealed that his company is planning to…
NBE Negotiates with Hurghada’s Tourist Client to Settle Debts worth EGP250mn
National Bank of Egypt (NBE) is currently negotiating with tourist client in Hurghada to settle debts worth EGP250…
Sheikh Zayed City Records EGP4bn in Investments since Inception
Since its inception, El Sheikh Zayed City witnessed total investments amounting to 4 billion Egyptian pounds by end…
