Tag: Egypt
ACWA Power’s Egypt solar project secures $123 million financing package
The project already has equity bridge loans of $14 million from the EBRD and $45 million from APICORP
FABMISR posts EGP 4.5 billion full-year net profit
The bank’s total assets grew by 55% compared to 2021 to reach EGP206.45 billion as of the end of December 2022
Egypt secures $345 million for train project from Jeddah-based IsDB
The project is expected to benefit 25 million people annually and decrease carbon emissions by approximately 250,000 tons annually
Egypt, UAE companies form $9.8 million joint venture
The signing of the agreement marks another milestone in the cooperation between the UAE and Egyptian companies
Egypt’s central bank hikes key interest rates by 200 bps
The interest rate increase is the first this year after the central bank kept its monetary policy unchanged in February
Banque Misr, EgyptAir sign cooperation protocol in digital payments
The partnership was hailed as an expansion of Banque Misr’s achievements in the field of digital payments and support for digitalisation
Egypt secures $7 billion, five-year partnership from World Bank
The framework’s projects will be supported with a “financial envelope” of $7 billion in lending
e& Egypt, Mastercard partner to enhance digital experience
The partnership supports Egypt’s digital transformation that is expected to further boost financial inclusion
Banque Misr reinforces partnership with Mastercard to enhance payments
Banque Misr is continuously striving to support digital transformation by providing solutions that facilitate advanced banking
Egypt reportedly expands citizenship program to attract FDI
Egypt initially launched its citizenship by investment in 2018, paving the way for foreigners living in the country to apply for citizenship after five years of residency