The National Bank of Egypt (NBE) says it received 800 requests for mortgage funding from those with low or average incomes last week.
Kareem Soos, head of the Individual Funding Risk Sector at NBE said that the bank agreed to grant funding for 50 (...)
The Ministry of Finance has renewed 42,300 taxis over three stages of funding, with ministry sources saying that 1020 taxis were replaced and renewed during the 2013/2014 fiscal year.
A finance ministry official added the ministry is able to (...)
Political and economic pressures have not stopped the African Development Bank making funding available for investors in Egypt, Tarek Ammar, project finance expert for the African Development Bank and the African Development Fund says.
In a (...)
Mohamed Abbas Fayed, vice president of the Board of Directors of Banque Misr, said that the bank plans to launch three new retail banking products at its five branches located in the United Arab Emirates (UAE).
He added that the branches' (...)
There has been growing interest recently among conventional banks in Egypt who own licences to provide Sharia-compliant services, to restructure their branches which offer such services.
Such banks are looking to increase their investment and (...)
There has been growing interest recently among conventional banks in Egypt who own licences to provide Sharia-compliant services, to restructure their branches which offer such services.
Such banks are looking to increase their investment and (...)