Egypt’s c.bank prepares second national financial inclusion strategy for 2026-2030
Egypt's central bank is preparing a second national financial inclusion strategy covering 2026-2030, with a greater…
Browsing Tag
Small and medium sized enterprises
Egypt’s MSMEDA outlines support for SMEs at Women’s Summit
Egypt’s Micro, Small and Medium Enterprise Development Agency (MSMEDA) oversees the regulatory framework and…
Microsoft to invest $400m in Swiss AI, cloud infrastructure
Microsoft said it will invest $400 million in Switzerland to expand its cloud computing and artificial intelligence…
UK raises export support amid trade pressures
Britain announced on Sunday it will boost its export finance support by £20 billion ($26 billion) to help…
Egypt’s PM discusses digital trade expansion with Amazon CEO
Egyptian Prime Minister Moustafa Madbouly met with the CEO of Worldwide Amazon Stores Doug Herrington to explore…
Egypt, World Bank discuss cooperation on J-CAP
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al Mashat, held talks with…
Malaysia’s capital market surges 5.6% in ’23
Malaysia’s capital market saw a notable expansion of 5.6 per cent in 2023, reaching a valuation of MYR 3.8 trillion…
S. Korea pledges $57 bln to support SMEs
South Korea set up a $56.97 billion financial aid programme to assist companies investing in vital sectors and…
U.S. provides more than $500mln to fund projects in Egypt – USAID
United States is currently finance more than $500 million projects to support the Egyptian economic growth, said…
Egypt banks hiked SMEs loans to $9 bln since 2016: El-Etreby
Banks in Egypt have extended more loans to small and medium-sized firms in the first half of the year, heeding the…
Banque Du Caire’s SME portfolio rises to EGP 10.3bn in 2019
Egypt’s state-run lender Banque du Caire‘s small and medium-sized enterprises (SMEs) portfolio rose to 10.3 billion…
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…
EIB, NBE sign €375 mln financing deal for Egyptian SMEs
The European Investment Bank (EIB) signed throughout the weekend a €375 million ($438 million) financing agreement…
CBE Egypt receives Afreximbank’s $400mn loan to fund small businesses
The Central Bank of Egypt has received a $400 million 12-month loan from the African Export and Import Bank…
Arab Investment Bank mulls injecting $ 1bln into SME projects
State-run Arab Investment Bank seeks to pump one billion ($407 million) Egyptian pounds in favour of small and…
Women-led businesses capture 70% of Egypt banks’ MSME funding
Egyptian central bank’s assistant sub-governor says around 70 percent of the banks’ financing for micro, small and…
Saudi Arabia launches $1 billion fund to support SMEs
Saudi Arabia's Public Investment Fund (PIF) announced Tuesday the establishment of the Fund of Funds, a new SR4…
Egypt’s SME tax law to be finalised before year-end: minister
Egypt’s Finance Minister Amr el-Garhy said Friday his ministry seeks to finalise the unified law for tax measures…
NBE bank secures 12 bln pounds for Egypt’s SME projects
Egypt’s biggest lender, the state-owned National Bank of Egypt says it has pumped 12 billion Egyptian pounds ($675…
Banque Misr to lend two local firms 130 mln Egyptian pounds
Egypt’s second largest bank, state-owned Banque Misr has recently approved to lend two local firms around 130…
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…
Tatweer Misr celebrates UN’s MSMEs Day
Ahmed Shalaby, Egyptian property developer Tatweer Misr’s Managing Director and ICSB Board Member, spoke at the…
SMEs seize 18% of Misr Iran Bank’s credit portfolio
Small and medium-sized enterprises are representing 18 percent of Egypt-based Misr Iran Development Bank’s total…
Egyptian banks raised 101 billion pounds for SMEs – cbank official
Egyptian banks have raised 101 billion Egyptian pounds ($5.6 billion) in finances for around 37,000 small and…
EBRD loans Egyptian Gulf Bank $20 million to boost Egypt SMEs
The European Bank for Reconstruction and Development (EBRD) has provided the Egyptian Gulf Bank a $20 million loan,…
AlexBank: SME lending hit 3 bln Egyptian pounds at 2016-end
AlexBank, a member of Italian bank Intesa Sanpaolo, says small and medium-sized financing portfolio had recorded 3…
Central Bank of Egypt mulls amendments to the SMEs initiative
The Central Bank of Egypt (CBE) is looking to make amendments to the initiative that involves funding small and…
Egyptian banks becoming more supportive of SMEs – official
Banks in Egypt have become more supportive in financing small and medium-sized businesses, said head of retail…
EBRD, AlexBank sign $100 million deal to boost SMEs, trade activities in Egypt
The European Bank for Reconstruction and Development (EBRD) is providing AlexBank, a member of Italian bank Intesa…
Egypt to form SMEs Development Authority
The cabinet approved a draft resolution submitted by Minister of Trade and Industry Tarek Qabil on Thursday for the…
Industry ministry issues inclusive complex for SMEs in Egypt’s Sadat City
Egyptian industry ministry is currently taking steps to issue an inclusive industrial complex in Sadat City for…
Eagle negotiating two new listings on Egypt SME bourse
Egypt-based financial adviser, Eagle says talks were underway to make two new listings in the local stock market…
Egypt’s Industrial Development Bank in talks for new SMEs financing
Egypt’s state-run Industrial Development and Workers Bank (IDWBE) says it was negotiating with the Social Fund for…
UNB-Egypt eyes boosting SMEs financing to 8% of its loans portfolio end-2016
Union National Bank-Egypt (UNB) aims to boost its financing directed to small- and medium-sized enterprises (SMEs)…
Emirates NBD Egypt braces for greater SME financing scheme in September
Emirates NBD is bracing for a new strategy dedicated to expand its support for small and medium-sized enterprises…
IFC current portfolio with Egypt nears $1.5 bln, in talks for more
The International Finance Corporation (IFC)’s, the investment arm of the World Bank, current portfolio for Egypt is…
National Bank of Egypt strikes deal to support 10th of Ramadan SMEs
Egypt’s biggest public lender, National Bank of Egypt (NBE) has signed Thursday a cooperation protocol with the…
Egyptian Banking Institute’s mission to Hungary, India to explore SME expertise
The Egyptian Banking Institute (EBI) has organised during May two field visits to India and Hungary to get to know…
Alexbank named best bank for SMEs in MENA: Euromoney
AlexBank has been named “Middle East’s Best Bank for SMEs” by pre-eminent international finance magazine Euromoney.…
Egypt’s largest state bank to boost SME financing in FY2016/7 by 30%
The National Bank of Egypt (NBE), the country’s largest public lender, plans to extend its portfolio of financing…