Gamal Negm, Deputy Governor at the Central Bank of Egypt (CBE), has said all details and requirements regarding a presidential mortgage finance initiative will be announced soon.
He said that the announcement will be made in relation to the (...)
Egypt's developer Palm Hills Developments (PHD) has signed a medium-term loan agreement for EGP1.1bn with the Commercial International Bank of Egypt (CIB).
The company announced during a press conference held on Wednesday that the facility will (...)
Amr El-Ganainy, Chief Executive Officer of the Commercial Sector at the Commercial International Bank (CIB), said that the bank's share in financing companies operating in the real estate sector reaches about 22%, expecting to increase it by about (...)
While the Egyptian government has imposed extreme secrecy on the conditions surrounding the International Monetary Fund's (IMF) loan, a few have been made public, specifically subsidy reform, the flotation of the Egyptian pound, and the application (...)