Egypt's second largest public bank, Banque Misr posted profit before taxes worth 15.696 billion Egyptian pounds ($508.3 million) in the first quarter of the year.
Earlier, the bank registered pre-tax profit worth 9.790 billion pounds in the first (...)
Egyptian banks have committed 700 million Egyptian pounds ($44.3 million) to support irregular workers hurt by the coronavirus pandemic and to Tahya Misr Fund, top banking official announced Wednesday.
Tahya Misr, a fund created by Egyptian (...)
The number of banks and companies participating in the Egyptian central bank's low-income mortgage initiative hiked to 28, said the Egyptian Mortgage Finance Fund's (MFF) chairman on Saturday.
In 2014, the Central Bank of Egypt (CBE) launched an (...)
Egypt's Micro, Small, and Medium Enterprise Development Authority (MSMEDA) has pump 15.6 billion Egyptian pounds into micro projects since its inception, its head Nevine Gamea said.
These finances were provided to 2.7 million clients creating 3.2 (...)
Egypt's property developer Maxim Investment has purchased Long Beach project in Ain Sokhna from state-owned Egyptian Arab Land Bank (EALB), said sources in EALB on Saturday.
The bank has sold Long Beach for more than one billion Egyptian pounds (...)
Egypt's Amlak Finance and Real Estate Investment Company plans to pump funding worth 350 million Egyptian pounds ($19.5 million) within 2018, said its chief executive and managing director Hatem Amer on Wednesday.
"The volume of the company's (...)
Egypt' banks have so far injected 14.5 billion Egyptian pounds ($809.9 million), as part of the mortgage finance initiative launched by Central Bank of Egypt (CBE), said CBE's deputy governor Lobna Helal.
"The banks pump around one billion pounds (...)
Egypt's property developer Rooya Group unveils it plans to pump investments ranging between 2 billion and 3 billion Egyptian pounds ($112.4 million-$169 million) in its projects within 2018.
Hisham Shoukri, Rooya's chairman, said Tuesday that his (...)
Egypt's property developer Tatweer Misr is planning to invest three billion Egyptian pounds ($169 million) in its projects within 2018, said managing director Ahmed Shalaby on Monday.
Shalaby further added that Tatweer Misr has earlier pumped (...)
Six of October Development & Investment SODIC - (OCDI.CA), the leading Egyptian real estate developer, said it will be signing the final loan agreement worth EGP 1.1 billion by the end of the month. SODIC's loan is arranged by the Arab African (...)
As being the main loan arranger, the National Bank of Egypt (NBE) is planning to grant the railway equipment factory Semaf a loan worth € 96 million within this June in cooperation with 5 other banks; Banque Misr, Commercial Internatioanl Bank – (...)
Essam Abu Hamed, Chairman of Hyde Park Properties for Development, said EGP 50 million will be added to Hyde Park's loan which is valued at EGP 1.2 billion within the coming 4 months provided by one of the 6 loan arrangers.
He explained that the (...)
Six banks, represented in the National Bank of Egypt (NBE), the Egyptian Arab Land Bank (EALB), Banque Du Caire, the United Bank, Arab Investment Bank as well as Industrial Development & Workers Bank of Egypt (IDWBE), will be signing today the final (...)
The National Bank of Egypt (NBE), Commercial International Bank (CIB) and Banque Misr approved to finance the construction of Abu Rawash Wastewater Treatment Plant which is a public-private partnership project in their meeting with the Ministry of (...)