Egyptian Awqaf ministry, state banks agree to instalment plan for Eid sacrifice vouchers
Buyers of state-managed Eid Al-Adha sacrificial meat vouchers will be able to pay in instalments over six months, following two cooperation protocols signed between the Ministry of Awqaf, Banque Misr, and the National Bank of Egypt. The agreements, witnessed by
Banque Misr funds Andalusia Hospital Maadi expansion with EGP 300m, $6.5m over 8 years
Banque Misr has signed an eight-year financing agreement worth EGP 300m and $6.5m with Andalusia Hospital Maadi to finance construction and medical expansions, as part of the bank’s role in supporting vital sectors and promoting investments with developmental impact, particularly
Kiwe secures final CBE approval to launch social-centric fintech platform
Kiwe, the home-grown fintech startup designed around how people use money today, has received final approval from the Central Bank of Egypt (CBE) to launch its application and card in the Egyptian market. The milestone signals the arrival of a
IBAG unveils new identity as ‘Rimmit’, launches strategy and money transfer app
IBAG, a leading international money transfer company, has announced the launch of its new brand identity under the name “Rimmit”, marking a strategic evolution in its journey to deliver advanced non-banking financial solutions in Egypt and globally. The rebranding coincides
Banque Misr appoints Amr El-Nokaly as Deputy CEO for Business Sectors
Banque Misr has announced the appointment of Amr Mohamed Zaki El-Nokaly as Deputy Chief Executive Officer for Business Sectors. El-Nokaly brings extensive banking experience, most recently serving as Chief Business Officer for Corporates, Financial Institutions and Governments at Bank ABC,
Egypt’s Banque Misr expands into East Africa with new Djibouti subsidiary
Banque Misr has officially inaugurated Banque Misr Djibouti, marking its first Egyptian state-owned banking subsidiary in East Africa. The inauguration ceremony was attended by Hisham Okasha, Chairperson and CEO of Banque Misr; Abdoulkader Kamil Mohamed, Prime Minister of Djibouti; Abdelrahman
Banque Misr joins “Open Your Account in Egypt” initiative for expatriate Egyptians
Banque Misr has signed a cooperation protocol with the Ministry of Foreign Affairs, Emigration, and Egyptians Expatriate, alongside National Bank of Egypt, as part of the “Open Your Account in Egypt” initiative. Launched by the Central Bank of Egypt (CBE)
Banking alliance grants EGP 7bn loan to Sky Innovo Developments for Park St. Edition project
A consortium of leading banks has concluded a long-term syndicated loan agreement worth EGP 7bn in favour of Sky Innovo Developments to finance part of the investment cost of the Park St. Edition project in New Cairo’s Golden Square. The
Banque Misr grants EGP 2.6bn credit facility to Hyde Park for ‘Sea Shore’ project
Banque Misr has signed a credit facility agreement with Hyde Park Developments, providing EGP 2.6bn in financing to support the investment costs of the Sea Shore project on Egypt’s North Coast. The signing ceremony was attended by Hisham Okasha, CEO
MSMEDA injects over EGP 500m into MSME financing in January 2025: CEO
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) provided over EGP 500m in financing for MSMEs in January 2025, in collaboration with leading banks and financial institutions, alongside direct funding through its branches across Egypt. This initiative aligns with