Egypt's parliament passes unified real estate ID law    EGP stable vs. US dollar in early trade    Egypt's El-Khatib: Govt. keen on boosting exports    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Egypt's Health Min. discusses childhood cancer initiative with WHO    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Egypt's EDA discusses local pharmaceutical manufacturing with Bayer    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt expresses condolences to Canada over Vancouver incident    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    49th Hassan II Trophy and 28th Lalla Meryem Cup Officially Launched in Morocco    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Paris Olympics opening draws record viewers    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    

Articles of the author Abd Elhaleem Elgendy Mohamed Hamdy
Banque Misr Eyes SMEs Financing Portfolio Totals EGP1.5 bln by FY14-end
Banque Misr's strategy for the current fiscal year 2013/2014 targets expanding in financing small and medium enterprises (SMEs). The second-largest bank in Egypt seeks financing portfolio for SMEs to total EGP 1.5 billion by the end of FY2013/14, (...)

16 - 02 - 2014
Banque Misr Says May Pump EGP4 billion in Joint Finance Deals
Banque Misr intends within 2014 to pump 4 billion Egyptian pounds in a number of joint funding processes, designated for sectors of telecommunications, petrochemicals and fertilizers besides a number of infrastructure enterprises. Speaking to Amwal (...)

13 - 02 - 2014
Arab Banking Corporation Says to Activate Bancassurance Service by 2014
Arab Banking Corporation – Egypt (ABC) is targeting the activation of the Bancassurance service by next year. This comes as the Central Bank of Egypt had decided to re-launch the bancassurance system earlier this year during the first half. Akram (...)

27 - 11 - 2013
FEB Eyes to Develop E-Payments, Slum and SMEs Projects
An Official source in the Federation of Egyptian Banks (FEB) revealed that the Federation will adopt a number of fundamental lists in the banking sector, most notably, the development of e-payment service system file and the supporting of small and (...)

27 - 11 - 2013
Talaat Moustafa Affirms Talks With 3 Banks Over EGP 1.8 Bln Loan
Egyptian property developer Talaat Moustafa Holding (TMG) (TMGH.CA) affirmed on Wednesday its ongoing talks with 3 local banks over a long-term loan worth EGP 1.8 billion to finance the establishment of a mall in New Cairo. This comes after Amwal Al (...)

19 - 09 - 2013
Talaat Moustafa Eyes Long-Term Co-Financing Worth EGP1.8 bln
Talaat Moustafa Group Holding Co. S.A.E. (TMG Holding) (TMGH.CA), Egypt's biggest listed property developer, is currently holding negotiations with a number of local banks seeking to obtain a long-term co-financing worth EGP 1.8 billion. The Group (...)

16 - 09 - 2013
Ahli United Bank Joins Consortium Funding El Nasr Coke
Ahli United Bank has recently joined the banking consortium led by the National Bank of Egypt (NBE) and Banque Misr to arrange EGP 725 million syndicated loan to El Nasr Company for Coke and Chemicals, subsidiary of the Metallurgical Industries (...)

10 - 09 - 2013
NBE Mulls Granting EGP 250 mln Credit Facilities for Egypt's BMIC
The National Bank of Egypt (NBE) is considering to grant credit facilities worth EGP 250 million for Building Materials Industry Company (BMIC) which affiliated to Egypt Kuwait Holding Co SAE (EKHO.CA). An official source in NBE said the company is (...)

09 - 09 - 2013
Banque Du Caire Mulls Capital Increase By End Of 2012
Banque Du Caire studies to increase the authorized capital and paid-up capital by a value ranging from EGP 400 million to EGP 800 million by the end of 2012. Sources revealed that the bank may inject the total value of its profit which is expected (...)

11 - 11 - 2012
Export Development Bank Sets Up New Project In Nasr City
The Export Development Bank of Egypt studies establishing a huge project in Nasr City on a land valued at EGP 385 million. The ownership of this land, which has an area of 17,000 m2, was transferred to the bank after a debt settlement agreement with (...)

04 - 11 - 2012
Abo El Sebaa Receives EGP 50 Mln Credit Facilities From 15 Banks
About 15 banks started to disburse credit facilities of EGP 50 million to shore up the ailing Abo El Sebaa Weaving Factories in El Mahalla El Kobra. The lenders signed a final debt settlement agreement with Ismail Abo El Sebaa, the owner of the (...)

19 - 09 - 2012
CBE Grants IDBE EGP 500 Mln Capital-Support Loan
The Industrial Development and Workers Bank of Egypt (IDBE) received a capital-support loan worth EGP 500 million from the Central Bank of Egypt (CBE) with an interest rate of 10.25% of the total value of the capital-support loans amounting to EGP (...)

06 - 08 - 2012
Banque Misr Considers a EGP 3 Bln Islamic Finance To Misr Financial Investments
Banque Misr studies providing long-term sharia-compliant finance worth EGP 3 billion to Misr Financial Investments which is owned by the bank and is working in foreign investments and assets management. The mudaraba and musharaka finance will be (...)

27 - 06 - 2012
NBD & Bank Audi Arrange EGP 688 Mln Loan To Egyptian Company For Phosphate
A consortium of National Bank for Development (NBD) and Bank Audi has finalized signing the second Islamic sharia-compliant finance contract in the Egyptian market with Egyptian Company for Phosphate and Chemicals to finance the establishment of a (...)

19 - 05 - 2012
El-Kosayer: SMEs Is “National Security" Matter
Chairman of Industrial Development and Workers Bank of Egypt (IDBE), El-Sayed Mohamed El-Kosayer, affirmed that small and medium enterprises (SMEs) development is a matter of national security. Therefore, intensive efforts shall be made to overcome (...)

17 - 05 - 2012
Exclusive: Seven Banks To Launch Dollar Certificates Tomorrow
Official sources informed Amwal Al Ghad that Central Bank of Egypt (CBE) - on behalf of Ministry of Finance – decided to start marketing dollar certificates of deposit next Tuesday for Egyptians living in some Arab countries including Kuwait, Saudi (...)

09 - 04 - 2012
NBE's employees protest at Bank's headquarter
About 40 data updating employees at National bank of Egypt protested in front of the Bank's headquarter in Kornish El-Nile, demanding to be fully appointed at the Bank. Protestors cried out “down with Tarek Amer", head of NBE, and warned to hold an (...)

11 - 03 - 2012
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