Bank Audi to increase SME loan portfolio to EGP 5 bn by 2019 end
Central Bank of Egypt expects banks to increase SME loans on their portfolios by 20 percent by 2020...
Tag : EGYPT
DP World’s $520 mn Sokhna port expansion nears completion
The expansion will take DP World’s total investment in Egypt to $1.6 bn...
Dragon Oil buys BP’s Egyptian concessions, to invest $1 bn
Dragon Oil to increase production to above 75,000 bpd for the next 10 years...
Solid finances drives Bayt El Khebra’s growth in Egypt
With a commanding leadership in Egypt’s financial services market, Bayt El Khebra eyes overseas opportunities...
SMEs in Egypt secures E£146 bn funding from Central Bank of Egypt
Under the Central Bank of Egypt’s initiative, banks will offer soft loans with interest rate of 5% to 7%...
Egypt central bank plans $50mn to $100 mn fintech fund
The Egyptian government will develop seven technological parks in Egypt for about $60.8million...
Egypt’s Fawry targets UAE, Saudi Arabia, and Kuwait for expansion
Fawry is also considering a deal with a UAE bank to use its technology platform in the UAE and other gulf countries...
Mena fund managers increase investments in UAE, Egypt
Funds to reduce allocation to Saudi Arabia while keeping the earlier exposure to other Mena countries...
Egypt in talks with World Bank to establish cargo shipping line
The Egyptian National Railway is studying establishing a shipping line between Alexandria and the Sixth of October dry port...
IFC and MIGA sign deal for 252MW Egyptian wind farm
The IFC will provide $84 mn in financing while MIGA will offer $122 mn in financial guarantees...