Al Baraka Egypt secures Islamic Development Bank $5.6mn SME credit line
Al Baraka Bank Egypt, part of Bahraini Al Baraka Banking Group, has secured the Islamic Development Bank’s (IDB)…
Browsing Tag
Small and Medium sized projects
Egypt’s SFD negotiating Arab Fund for $50 million finance package
Egypt’s Social Fund for Development (SFD) is negotiating a $50 million financing package from the Arab Fund for…
NIB announces EGP250mn Contribution to Egyptian Start-up Incubator Ayady
Egypt’s state-owned National Investment Bank (NIB) will contribute 250 million Egyptian pounds (around US$35…
Egypt eyes Lowering Public Debt to 85% of GDP – PM
Egyptian government plans to reduce the country’s total public debt from 95% to 85% of GDP in the upcoming period,…
France to Grant Egypt €150mn Loans for Home Gas Delivery and SMEs
France plans to grant Egypt two loans worth €150 million (US$186.4 million) to finance household natural gas…
Egypt Approves US$300mn Loan from World Bank through Presidential Decree
Egypt has approved the contract of comprehensive finance with World Bank amounting to $ 300 million, which was…
Arab Investment Bank’s Capital Raises to EGP1bln and EGP5.09bln Deposits
Arab Investment Bank of Egypt (AIB)'s Extraordinary General Assembly approved to increase its issued capital to…
IDWBE Eyes SMEs Portfolio Hike to EGP750mn by 2014-End
Industrial Development and Workers Bank of Egypt (IDWBE) eyes recording EGP750 million finance for Small and medium…
Egyptian Takaful Insurance Eyes Attaining EGP340 Premiums in FY14/15
Egyptian Takaful Insurance Company eyes attaining EGP340 million premiums within the upcoming fiscal year of…
EBI Says 0.7% Rate of Official Savings Accounts in Egypt Banks
Executive Director of Egyptian Banking Institute (EBI) Mona ElBaradei said the proportion of savings in banks'…
