BANKING

14 Jun 2016

TBEA China awaits response from Electricity Ministry to complete loan of $500m from the Export-Import Bank of China

The Chinese company TBEA China awaits the response of a submitted loan offer of $500m provided by the Export-Import Bank of China to the Ministry of Electricity for use in energy projects of production, distribution, or transmission.

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11 Jun 2016

PBDAC is best placed to achieve financial inclusion as it reaches 50% of Egyptians: chairperson

With a customer base of one million clients, the Principal Bank for Development and Agricultural Credit (PBDAC) is the most capable bank in achieving financial inclusion, reaching 50% of the Egyptian people, said bank chairperson El-Sayed El-Qosayer.


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11 Jun 2016

Africa Export-Import Bank current portfolio with Egypt hits $3.4 bln

The Africa Export-Import Bank (Afreximbank)’s cooperation portfolio in Egypt has reached $3.4 billion during the period from January 2015 until June 2016, the bank’s president Benedict Oramah said on Thursday.


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11 Jun 2016

Egypt needs more foreign currency: President

Egyptian President Abdel-Fattah Al-Sisi urged for more efforts to provide foreign currency to meet the needs of citizens in the Egyptian markets, state-run Ahram newspaper reported.

Sisi’s comments came during his meeting with Tarek Amer, the Governor of the Central Bank of Egypt (CBE), after Amer reviewed the CBE’s efforts that increased...

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