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Public sector ministry plans EGP 13bn upgrade for Egypt Aluminum
The Egyptian Ministry of Public Business Sector is planning to upgrade Egypt Aluminum at an estimated cost of 13 billion Egyptian pounds.The Egyptian Ministry of Public Business Sector is planning to…
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Egypt’s sovereign fund reportedly eying controlling stake in e-Finance
Sovereign Fund of Egypt is in talks to acquire part of the National Investment Bank’s 69 percent stake in state-owned e-payments platform e-Finance, local press reported on Sunday citing sources with…
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Ora Developers Egypt signs EGP 2.54 billion loan agreement
Ora Developers Egypt, part of Naguib Sawiris-led Ora Developers Group, signed a loan agreement with four banks for 2.54 billion Egyptian pounds ($161.5 million), Emirates NBD Egypt – one of the four…
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Egypt joins Netherlands, Malawi in supporting UK-led scheme to fight against climate change
Egypt is cooperating with the UK to push for practical measures to combat climate change.
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Nigeria’s number one lender, Access Bank, is looking at Egypt
Nigeria’s biggest lender, Access Bank, is looking to take advantage of the new African trade agreement and make an entrance into Egypt’s banking sector, the bank said in an online presentation cited…
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Personal loans dominate 77.5 % of NBE’s retail banking portfolio
The personal loans are at the forefront of the National Bank of Egypt’s (NBE) products, representing 77.5 percent of the bank’s total retail banking portfolio according to Vice Chairperson Yahia Aboul…
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Egypt’s NBE announces growth by 35% in its retail banking during 2020
Egyptian state-owned bank, National Bank of Egypt (NBE) revealed that its retail banking portfolio reached 123 billion Egyptian pounds at the end of December 2020, compared to 90.7 billion pounds in…
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UK’s CDC plans USD 1 bn investments for Africa, including Egypt
CDC Group is earmarking some 1 billion Egyptian pounds, $63 million, for infrastructure and finance investments in Africa in 2021, with a particular focus on Egypt, Ethiopia, Kenya, and Nigeria, CEO…
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CBE offers EGP 16bn T-bills on Sunday
The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth 16 billion Egyptian pounds on Sunday on behalf of the Ministry of Finance.
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Egypt to establish an industrial zone, expand private sector role in Sudan: Gamea
Egypt is planning to establish an industrial zone in Sudan to facilitate the establishment of joint projects, according to Egypt’s Minister of Trade and Industry.
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