CIB gets World Bank’s IFC loans worth $250 mln
The Commercial International Bank (CIB) has secured loans from the World Bank’s International Finance Corporation…
Browsing Tag
small and medium-sized businesses
EIB signs loan deal with Banque Misr to support Egypt SMEs
The European Investment Bank (EIB) signed on Sunday a €500 million ($550.7 million) loan agreement with Banque Misr…
Egypt’s I-Score revives plan for SME creditworthiness unit
Egyptian Credit Bureau (I-Score) has revived plans for a new offshoot on assessing the creditworthiness of small…
World Bank approves $200 million loan for Egypt entrepreneurs, SMEs: minister
The World Bank has approved a $200 million loan to support entrepreneurs and small and medium-sized businesses in…
Billionaire Naguib Sawiris plans to set up Egypt-based SME bank
Egyptian tycoon Naguib Sawiris said on Monday he seeks to set up a bank in his country specialising in services for…
China SME businesses are having a hard time getting bank loans
It's widely agreed that China needs to bring its massive debt problem — estimated at more than three times the size…
Afreximbank studying $50 mln SME loan for Egypt’s United Bank
The Africa Export-Import Bank (Afreximbank) is studying lending Egypt’s state-run United Bank around $50 million to…
Saudi Arabia is now opening up its IPO market to foreign investors
Foreign investors are now able to take part in initial public offerings (IPO) within Saudi Arabia and will be given…
QNB’s SME funding in Egypt hit 17.2 bln pounds
Qatar National Bank’s financing for small and medium-sized businesses in Egypt is currently worth around 17.2…
BLOM Bank-Egypt launches asset management unit
BLOM Bank Egypt, the Egyptian arm of Lebanon’s lender BLOM, has recently launched its asset management unit, deputy…
Suez Canal Bank targets 400 mln pounds in SME financing at year-end
Egypt’s Suez Canal Bank is seeking to increase funding for the country’s small and medium-sized businesses to reach…
Banque Misr to sign $500 mln EIB loan deal next month
Egypt’s second largest bank, state-owned Banque Misr says it will sign a $500 million financing agreement with the…
Egypt’s United Bank in talks with SANAD Fund for dollar loan
Egypt’s state-run United Bank is negotiating a dollar-dominated financing package from SANAD Fund for MSMEs, part…
National Bank of Egypt wants to boost SME financing by 20% this year
Egypt’s biggest lender, the state-owned National Bank of Egypt is seeking to increase funding for the country’s…
Banque Du Caire to double SME lending to 4 bln Egyptian pounds at year-end
Banque Du Caire, one of Egypt's largest and oldest public lenders, is planning to double its financing for small…
Ezdehar Management’s Egypt Mid-Cap Fund reaches $85 million
Egyptian mid-cap investment management firm Ezdehar Management says it raised $85 million for its fund, Ezdehar…
EBRD earmarks $200 million for Egypt SMEs
The European Bank for Reconstruction and Development (EBRD) has allocated $200 million for financing small and…
Bank Audi seeks Egypt SMEs financing sixfold higher in 4 years
Egypt’s eighth largest commercial bank, Bank Audi S.A.E. seeks to raise its finances for small and medium-sized…
National Bank of Egypt pumps 5.2bn Egyptian pounds for SMEs
Egypt’s biggest lender, the state-owned National Bank of Egypt (NBE) has pumped 5.2 billion Egyptian pounds ($294.2…
EBRD to inaugurate SME office in Egypt’s Alexandria early 2017
The European Bank for Reconstruction and Development plans to inaugurate a new branch in Egypt’s second biggest…
Orange Egypt launches new solutions to bolster SMEs
Orange Egypt has launched solution dubbed as Smart Business to provide offers for owners of small and medium-sized…
Al Baraka Egypt Bank braces for new SME financing product in December
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, says it will be launching this December a new…
Factoring, financial leasing key tools to revive Egypt SMEs: GIZ
Factoring and financial leasing can play a critical role in reviving small and medium-sized businesses in Egypt,…
Emirates NBD raises SMEs share in Egypt lending portfolio to 25%
UAE-based bank Emirates NBD has boosted its credit portfolio for small and medium-sized businesses in Egypt to 25…
National Bank of Egypt to build 72 SME centres in Cairo, Alexandria
National Bank of Egypt (NBE), the country’s biggest public lender, plans to establish 72 centres for small and…
Egypt negotiating $200 mln loan from AfDb in support for SMEs
Egypt is negotiating a $200 million funding from the African Development Bank Group to finance small and…
Banque Du Caire earmarks 1.5 bln Egyptian pounds for SMEs
Egypt’s third biggest public lender, Banque Du Caire seeks to pump more finances in favour of small and…
National Bank of Egypt negotiating SFD for new SME finance scheme
The National Bank of Egypt, the country’s biggest public lender, says plans to secure a new financing package worth…
EIB studies €500 mln financing for Egypt SMEs
The European Investment Bank is studying the provision of €500 million ($553 million) financing to some Egyptian…
Egypt, South Korea sign declaration of intent to boost SME ties
Egypt has signed on Saturday a Declaration of Intent for a cooperation framework agreement with South Korea in…
Saudi Arabia working on SME bourse rules for early 2017 launch – bourse chief
Saudi Arabia is working to finalise the rules for a new stock market dedicated to small and medium-sized businesses…
EBRD endorses €300 million to support Egypt SMEs
The European Bank for Reconstruction and Development (EBRD) has endorsed this year €300 million (US$340.5 million)…
Egypt’s Industrial Development Bank’ SMEs portfolio hits $112mn
Small and medium-sized businesses (SMEs) acquire 16 percent of the Industrial Development and Workers Bank -…
Egyptian tycoon Sawiris plans to set up Luxembourg-based SME bank
Egyptian billionaire businessman Naguib Sawiris plans to invest €50 million ($55 million) to establish a bank in…
Small Investors in Egypt look for a Role
Hisham Khalil heads a medium-sized construction company, a sort of firm that past Egyptian governments generally…
EBRD, IDB unit to launch SME Fund for Egypt, Morocco, Jordan, Tunisia
The European Bank for Reconstruction and Development (EBRD) and the private sector arm of the Islamic Development…