Egypt’s SFD to finance 3 youth-run projects in New Valley
Egypt’s Social Fund for Development (SFD) has signed Monday three memoranda of understanding to finance projects in…
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SMEs
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…
United Bank seeks higher financing to Egypt’s SME sector
United Bank of Egypt is planning to boost its financing to small and medium businesses to represent 25 percent of…
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)…
QNB to sign $6.4 million deal in support of Egypt SMEs this month
Qatar National Bank AlAhli S.A.E. (QNB AlAhli) is to sign this month its first contract with Social Fund for…
Egyptian tycoon Sawiris plans to set up Luxembourg-based SME bank
Egyptian billionaire businessman Naguib Sawiris plans to invest €50 million ($55 million) to establish a bank in…
Banque Misr eyes SMEs funds portfolio to reach $2.5bn in 4 years
Egypt's Banque Misr targets funding portfolio for Small and Medium-sized Enterprises (SMEs) to hit 20 billion…
CBE launches EGP 5 bln programme for medium size enterprises
The Central Bank of Egypt has allocated EGP 5 billion ($647 million) for the banks to loan to medium sized…
440 small, medium-sized firms participate in Egypt’s social housing scheme
The total number of contracting companies carrying out the social housing scheme is estimated at 440 firms; mostly…
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…
