The United Bank Grants EGP 130 mn Mortgages in H1: Official
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.
Egypt, AFD Ink EUR 50 mn Deal to Revamp Cairo Metro Line I
Minister of International Cooperation Rania Al-Mashat has signed a EUR 50 mn (EGP 912.6 mn) agreement with Agence Française de Développement (AFD) to finance the upgrading of Cairo Metro Line I.
EIB Eyes EUR 90 mn Loan to Refine Tanta-Damietta Railway
The European Investment Bank (EIB) considers extending an EUR 90 mn loan to refine the Tanta-Mansoura-Damietta rail line, which is currently undertaken by the Egyptian government at costs amounted to EUR 193 mn.
Egypt, EU Kickstart EUR 3.1 mn Project to Revamp Egyptian Museum
Egypt announced on June 17 embarking on a three-year project to revamp the Egyptian Museum, west Cairo, financed by EUR 3.1 mn of EU funding and backed by a consortium of five European museums, promising to preser ...
CBE Sets New Measures for Mortgage Finance Initiative
The Central Bank of Egypt (CBE) has put in place new policies and measures on the bank's mortgage finance initiative and its subsequent amendments, limiting it to financing low-income citizens only.
EU Allocates EUR 3.1 mn to Transform Egyptian Museum of Cairo
The European Union (EU) has launched a three-year project valued at EUR 3.1 mn for the transformation of the Egyptian Museum of Cairo (EMC), west Cairo, as part of EU's efforts and continuous process of building a ...
