EMPC to Take Over NBE Stake in Arabian Hotel
The Egyptian Media Production City’s (EMPC) board has ratified the acquisition of the National Bank of Egypt's (NBE) stake in Arabian Hotel Media Production City Co. at EGP 115 per share
NBE Offers EGP 200 mn Funding to Social Housing Project
The National Bank of Egypt (NBE) will donate EGP 200 mn to finance the construction of “Ahalina” social housing project, Invest-Gate reports.
Head of Dreamland Group Loses His Assets to Egyptian Banks
Head of Dreamland Group, Ahmed Bahgat, has been ruled by the court to pay a total of EGP 600 mn to Banque Misr and National Bank of Egypt (NBE) as well as selling the group’s assets
Housing & Development Bank Funds 50% of Egypt’s Social Housing Projects
The Housing & Development Bank (HDB) is currently financing 50% of social housing projects achieved to this day, Invest-Gate reports.
NBE Funded Purchase of 12,500 Units for Low-income Citizens
The National Bank of Egypt (NBE) has financed the purchase of 12,500 housing units for low-income citizens at a cost of over EGP 1 million, according to NBE Chairman Hisham Okasha.
NBE to Finance EGP 300M in a Syndicated Loan of EGP700M to Real Estate Project
The National Bank of Egypt agreed to co-finance a real estate company with EGP 700 million towards an EGP 2 billion project.
