BNY Commends Egypt’s New Economic Group for Positive Coordination, Support to Private Sector

The Bank of New York Mellon Corporation (BNY) has commended the recent positive collaboration and unified approach supporting the private sector within the new economic coalition in Egypt, Invest-Gate reports.

Businesses to Return to Pre-Corona Profit Levels Before 2023: HSBC

Results of a recent HSBC poll show that almost nine in 10 (89%) Egyptian businesses forecast revenue growth in 2021, whereas 83% foresee their bottom lines to bounce back to pre-Coronavirus levels by the end of 20 ...

ODE Seals USD 265 mn Loan Agreement

Orascom Development Egypt (ODE) has sealed a medium-term loan deal worth USD 265 mn (EGP 4.1 bn) to refinance outstanding debt and bankroll growth plans.

Egypt’s Startup Scene Attracts USD 130 mn: Experts

Egypt has managed to create a very healthy startup scene to lead Africa’s investment charts in 2019, while also maintaining a good position during the current year, therefore ranking second in the Middle East with ...

EFG Hermes Leasing, HSBC Egypt Team Up to Finance SMEs’ Capital Expansions

EFG Hermes Leasing, a subsidiary of Egypt's investment bank EFG Hermes, has signed a cooperation agreement with HSBC Bank Egypt to provide small- and medium-sized enterprises’ (SMEs) with EGP 400 mn in leasing and ...

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