Barclays rules out financing Egypt SMEs during current period
Director of Business Banking at Barclays Bank Egypt Sherif El-Behery ruled out the possibility that the bank will…
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Small and medium sized enterprises
IDB, EBRD mull SME fund launch for Egypt, 3 Arab states
The Islamic Development Bank (IDB) is studying establishing a mutual fund for the small and medium-sized…
2.5 million SMEs in Egypt providing 75% of jobs: official
The number of small- and medium-sized enterprises (SMEs) in Egypt is approximately 2.5 million projects,…
Banque Du Caire says to inject $169 mln in SME projects this year
Egypt’s third biggest public lender Banque du Caire plans to inject 1.5 billion Egyptian pounds ($169 million) into…
ITU invites Egypt to partake in SME event next November
The International Telecommunication Union (ITU) is inviting Egypt to take part one of its forthcoming events on…
Arab Investment Bank mulls injecting $47.3mn into SME projects
The Arab Investment Bank (AIBK) is studying pumping 420 million Egyptian pounds (US$47.3 million) in favour of…
Saudi bourse plans equity market for SMEs
Saudi Arabia's stock exchange plans to establish an equity market targeting small and medium-sized enterprises…
MB Engineering shares to start Cairo SME bourse trading on April 5
Shares of MB Engineering Group will start trading in Egypt’s bourse for small and medium-sized enterprises, known…
Housing and Development Bank to pump 3 bln Egyptian pounds into SMEs in 4yrs
Egyptian lender Housing and Development Bank (HDB) is planning to pump 3 billion Egyptian pounds ($335.2 million)…
Al Baraka Bank to pump $127.7mn in Egypt SMEs this year: chairman
Al Baraka Bank Egypt, part of Bahrain’s Al Baraka Group (ABG), is planning to pump one billion Egyptian pounds…
Bank Audi-Egypt, IFC sign cooperation deal to boost SME funding
Bank Audi Egypt, the Egyptian arm of Lebanon-based Bank Audi, has signed Sunday a cooperation agreement with World…
Saudi Arabia grants $200 million for Egyptian youth-led SME projects
Egypt has signed Sunday a US$200 million grant from Saudi Arabia to finance small and medium-sized enterprises…
Five Egyptian SMEs seen listing on NILEX in H1: Economic Group
Five firms are expected to be listed on Egypt’s bourse for the small and medium-sized enterprises (NILEX) within…
Egypt’s central bank outlines plan to support SMEs
Egypt's central bank issued Sunday guidelines on how it will incentivise banks to participate in a "comprehensive…
Eagle targets listing 5 firms on Egypt SMEs bourse in H1-2016
Egypt-based financial adviser, Eagle is planning to help list five firms’ shares on the country’s bourse for the…
Union Capital says targets doubling AUMs to $38 million this year
Egypt-based private equity firm, Union Capital is planning this year to double the volume of its assets under…
Sisi’s fund to establish $255mn holding company for SMEs
The Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national…
FEP Capital captures 50% Egypt SME Bourse’s 2015 IPOs
FEP Capital – part of Private equity manager in MENA region, First Equity Partners (FEP) – has successively managed…
Egypt’s National Bank, AfDB portfolio for SMEs hit $340mn
The total funds provided by the African Development Bank (AfDB) in favor of the National Bank of Egypt (NBE) for…
Three key Egyptian banks negotiating AfDB for SME finances
Three major Egyptian banks, the National Bank of Egypt, Commercial International Bank, and Banque Du Caire are…
Italy to grant Egypt soft loan worth $45mn to support SMEs
Italy plans to secure €45 million for the support of the development of Egypt’s private sector and small and…
Egypt signs €22mn EU grant agreement for agricultural SMEs
Egypt signed Sunday a grant agreement worth €22 million to carry out the European Union-funded project to…
Banque Du Caire captures 49% share of Egypt microfinance market
Egypt's third biggest state-owned bank, Banque Du Caire seizes 49 percent of the country’s microfinance market, its…
National Bank of Egypt to secure $15 million from Germany’s SANAD Fund
National Bank of Egypt is set to sign a loan worth US$15 billion with SANAD Fund for MSMEs, of the German state-run…
Egypt’s National Bank, SFD to sign $44.7mn finance for SMEs
Egypt’s Social Fund for Development and the National Bank of Egypt (NBE) plan to sign a new finance worth 350…
Kuwait’s Ahli Bank plans capital top-up for Egyptian unit in 2016: CEO
Kuwait's Al Ahli Bank (ABK) plans to boost the capital of its Egyptian unit to around one billion Egyptian pounds…
EFG-Hermes stresses greater role for leasing in funding industrial sector
The executive chairman of EFG-Hermes Leasing, Wael Zeyada stresses the necessity of involving the leasing sector in…
Egypt’s National Bank says SME portfolio jumped 470% in 5 years
The National Bank of Egypt, the country’s largest commercial bank, recorded a 470 percent growth in its SMEs…
Moody’s: New funding for SME lending to diversify Egyptian banks’ revenues
The global rating agency Moody's stated Monday that the Egyptian banks have recently been receiving larger amounts…
AfDB in talks with NBE, CIB to fund trade, SMEs in Egypt
The African Development Bank (AfDB) is in talks with two major Egyptian banks to finance small businesses and trade…
SFD’s SMEs funds hit $383mn at August-end
The total funds of Social Fund for Development (SFD) for Small and Medium-sized Enterprises (SMEs) worth 3 billion…
Egypt must do more to bolster access to finance for SMEs: Euromoney panel
Limited access to finance and high collateral requirements from banks is a major hurdle stifling the growth of…
CDB, Egypt’s NBE to sign $100mn loan deal at Sisi’s China visit
The National Bank of Egypt (NBE), the largest state-run bank in the country, and China Development Bank (CDB)…
IMF: 20% of Egyptian SMEs prefer Sharia-compliant Products
In Egypt, 20% of small- and medium-sized enterprises (SMEs) have indicated a preference for Sharia-compliant…
Egypt’s Industrial Development Bank, SFD to ink New Financing Pact This February
The Industrial Development & Workers Bank of Egypt (IDWBE) will be signing next February a new financing…
Banque Misr plans First Islamic Financing to Support SMEs
Banque Misr is planning to carry out the first Islamic financing for the small and medium-sized enterprises, worth…
EBRD Inks Two Loans with Egypt’s Biggest Bank to Support Women, Energy Efficiency
The European Bank for Reconstruction and Development is partnering with National Bank of Egypt (NBE) to introduce…
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…
EBRD Inaugurates its First Resident Office in Egypt
The European Bank for Reconstruction and Development (EBRD) has inaugurated its first resident office in Egypt on…
World Association for SMEs to Build its MENA Regional HQ in Egypt
The World Association for Small Medium Enterprises (WASME) will establish its Middle East Regional Office in Cairo,…