The Central Bank of Egypt (CBE), in cooperation with the finance ministry, will provide EGP 3 bn worth of credit guarantees to the tourism sector, under the EGP 50 bn tourism support program.
Head of Real Estate Finance Sector at The United Bank of Egypt Ayman Mohamed has affirmed that 1,000 clients were granted EGP 130 mn worth of mortgage financing in H1 2020.
Banque Misr and the Real Estate Development Chamber at the Federation of Egyptian Industries (FEI) signed on June 17 a cooperation protocol to stimulate local real estate financing.
The Central Bank of Egypt (CBE) has decided to broaden the base of beneficiaries of its EGP 100 bn industry stimulus initiative to include the contracting sector.
The Central Bank of Egypt (CBE) has decided to keep overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 9.25%, 10.25%, and 9.75%, respectively.
Egypt's Ministry of Finance has agreed to present EGP 3 bn in funding provided by the Central Bank of Egypt (CBE) to state banks for soft loans to tourist and hotel establishments at 5% annual interest, in a bid t ...
Egypt’s Prime Minister Mostafa Madbouly announced the proposed investment budget for FY 2020/2021 from EGP 150 to 230 bn, Invest-Gate reports.
Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva announced the fund's support for Egypt’s efforts to safeguard the achievements made by the economic reform program under the complete ...
Prime Minister Mostafa Madbouly said on April 26 that Egypt is in launch talks with International Monetary Fund (IMF) for a financial assistance deal as well as technical support to cushion the pandemic's negative ...
The Central Bank of Egypt (CBE) announced on April 7 suspending blacklists (I-Score) for 8,000 enterprises and negative lists for 100,000 individuals
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