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Banking
CBE obliges banks to improve access for people with disabilities
Banking for people with disabilities can be very challenging if bank facilities aren’t accessible. To improve access for people with disabilities and achieve financial inclusion
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SAIB arranges syndicated loan of EGP1.2b for Kharafi National’s infrastructure projects
SAIB Bank has signed a medium-term syndicated loan of EGP 1.2bln for Kharafi National’s infrastructure development with the participation of four other banks.
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Egypt’s EFG Hermes in talks to buy stake in Spain’s Ignis – paper
Cairo-based investment bank and financial group EFG Hermes is in talks to buy a stake in privately held Spanish power generation company Ignis Energia, Expansion newspaper reported on Thursday.
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GE Healthcare, NBE partner to support SMEs
GE Healthcare and the National Bank of Egypt have signed a cooperation protocol that will enable the community to access advanced healthcare by supporting small and medium medical service providers…
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Banque Misr completes largest syndicated loan worth $1bn
Banque Misr has finalised its largest syndicated term facility with a medium-term loan worth $1 billion to finance various projects and contribute to sustainable development, according to a recent…
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National Bank of Egypt wins licence to open Saudi Arabia branch
Saudi Arabia’s Cabinet approved on Tuesday a licence for the state-run National Bank of Egypt (NBE) to open a branch in the kingdom, Saudi state news agency SPA reported.
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Egypt’s MSMEDA allocates EGP 1bn for innovative businesses
The Egyptian Micro, Small and Medium Enterprise Development Agency (MSMEDA) has allocated EGP 1 billion for innovative businesses, Deputy Chairman Tarek Shashsaid according to local press.
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NBE, Banque Misr, Banque du Caire to launch EGP 1bn fintech fund
The National Bank of Egypt (NBE), Banque Misr, and Banque du Caire are planning to launch a fund to support financial technology startups with a minimum capital of EGP 1 billion in October, according…
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Palm Hills Developments inks EGP 2.5bn syndicated loan deal with Banqur Misr, NBE
Palm Hills Developments announced that its wholly-owned subsidiary Palm Hills for Investments and Real Estate Development signed a syndicated loan agreement worth EGP 2.5 billion with Banque Misr and…
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Afreximbank opens Central Africa Regional Office in Yaoundé, Cameroo
African Export-Import Bank (Afreximbank) announced launching its Central Africa Regional Office in Yaoundé, Cameroon.
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