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.…
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SMEs
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…
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…
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…
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…
Korea, Egypt sign cooperation agreement on enhancing SMEs
Egypt and Korea signed Thursday a cooperation agreement on making benefit of Korean expertise to enhance and…
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)…
