Egypt, IsDB arms sign $1.6b deals to boost trade and private sector growth
Egypt signed on Tuesday the annual work programmes with the two financial arms of the Islamic Development Bank…
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SME
CBE encourages banks to invest in equity for SMEs through some incentives
The Central Bank of Egypt (CBE) agreed to allow banks to count their own equity investments in SME-focused funds as…
Banque Misr pumps EGP 5bln into SMEs among CBE initiative
Egypt’s second-largest state-run bank, Banque Misr, pumped 5 billion Egyptian pounds as part of the Central Bank of…
Egyptian Ahmed Osman wins ICSB presidency for first time
The International Council for Small Business’ (ICSB) members elected senior vice president Ahmed Osman as the…
Banque Misr signs 400 mln pounds loan to finance SMEs
Banque Misr has signed a 400 million Egyptian Pounds Loan with the Small and Medium Enterprises Development Agency…
Egypt’s AAIB bank signs EBRD $30 million SME financing deal
Egypt’s Arab African International Bank (AAIB) has signed Tuesday a $30 million financing contract with the…
EBRD signs $75 mln SME loan deal with Egypt’s oldest bank
Egypt’s oldest bank Banque Misr has signed Tuesday a $75 million loan agreement with the European Bank for…
Egypt’s AAIB bank signs SME loan deal with EBRD: sources
Egypt’s Arab African International Bank has signed a financing deal with European Bank for Reconstruction and…
FEP Capital says lining up three new listings on Egypt SME bourse
Egyptian investment bank FEP Capital said it is lining up share floatations for three or four firms on the…
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…
Egypt trade minister in Paris to promote investments
Egypt’s Trade Minister Tarek Qabil flied to Paris Sunday to strengthen economic ties between the two countries and…
Afreximbank to sign $500mn credit lines for Egypt SMEs in two weeks
The African Export-Import Bank (Afreximbank) plans to sign $500 million credit line contracts with two state-owned…
Afreximbank studies $1 billion finances for Egypt oil, SME sectors
The African Export-Import Bank (Afreximbank) is studying a new financing programme worth $1 billion with Egypt…
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…
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 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…
SMEs form backbone of emerging economies; says Indian envoy to Egypt
The small and medium enterprises (SMEs) form the backbone of any country notably the emerging economies, Indian…
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…
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…
Egypt, Germany sign €112 million SME financing agreements
Egypt has just signed on Sunday two financing agreements worth €112 million ($124.5 million) with Germany to boost…
Loxon to Sponsor SME Banking and Finance Egypt 2016
Loxon, leading risk management software solutions provider, along with regional partner Pio tech, joins the SME…
Egypt starts 3rd Partnership for Development Initiative to support leasing sector
One of Egypt’s biggest institutional initiatives, Partnership for Development is launching Tuesday its third…
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…
Egypt Launches Ayady Company to Create 500.000 Jobs for Youth
In an attempt to reduce Egypt’s high unemployment rate, a new company was emerged this morning, Ayadi Company for…
AlexBank Retracts Announcement of a New Historical Building Branch
In a quick response to Amwal Al Ghad’s latest report about a new branch housed in the one of the most vital…
EIB Inks €392 mln Contracts to Finance Projects in Egypt
The European Investment Bank (EIB) signed on Wednesday finance contracts with Egypt for an amount of 187 million…
Egypt’s Ready-Made Garments Council: 30 SMEs Due to USA Next Oct
Egyptian Ready-Made Garments Council is planning to pay an official visit to the USA by the end of next October,…
NBAD Publishes Sustainability Report
The National Bank of Abu Dhabi (NBAD), the Number One Bank in the UAE, has released its third annual Sustainability…
Avaya Launches New Series of Ethernet Switches
Avaya Inc. has launched a new series of compact Ethernet switches designed exclusively for small and midsize…
February Lending to Small Businesses Grew Slowly in US
Lending to small business in the United States barely grew in February, supporting the view that economic growth…