Latest Business News
Sawiris shuts down affiliate bank in North Korea due to US sanctions
Orascom Telecom Media and Technology Holding will shut down Orabank, its…
International Cooperation Minister signs 3 agreements with KFD worth EGP 2.5bn
$3bn total cooperation portfolio between the ministry and the fund directed to…
CI Capital deal moves EGX towards historic level to reach 12,000 points: analysts
Technical analysts predicted that the deal would push CIB shares towards EGP…
South Valley compares between borrowing, increasing capital to finance 2nd cement line
The company targets to increase its production capacity to 3m tonnes, and…
Mega Holding negotiates to acquire transport company for EGP 60m
The company targets acquisitions in a number of sectors
Soha Soliman appointed deputy chairperson of Banque du Caire
Egypt’s cabinet issued a decree on 26 November appointing Soha Soliman, the…
18 million people require microfinance in Egypt: former CBE governor
We need about EGP 54bn to finance 3.6 million families living below…
HDB focuses on financing 4 major sectors of SMEs
Microenterprises will be financed through companies and associations specialised in these projects,…
SMEs acquire 10% of HDB’s loan portfolio until September 2016: chairperson
The bank aims to increase the funding of such projects to 20%…
HDB pumps EGP 56m in ‘Your Project’ programme over 7 months
Funding volume amounts between EGP 50,000-3m with an interest rate of 5%,…