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…
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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…
ISYS Kuwait Plans to Cooperate with NBE, C.Bank for E-Payment Services
Managing Director and CEO of ISYS Kuwait Group Engineer Mohamed Al Rasheedy said his company is planning to…
SFD to Launch an Initiative to Allure More Support for Egypt’s SMEs
Egypt’s Social Fund for Development (SFD) plans to launch an initiative to encourage banks to support small and…
National Bank of Egypt’s Loans Portfolio Registers EGP117bn
The total value of National Bank of Egypt(NBE)'s loans portfolio reached around EGP117 billion, stressing that the…
NBE, SFD Ink EGP250mn Contract to Support Egypt’s Small Projects
Egypt's Social Fund for Development (SFD) has signed today a financing contract with the National Bank of Egypt…