NBE leads EGP 1bn syndicated loan to finance Mashareq Real Estate’s ZAG East in New Cairo
The National Bank of Egypt (NBE) has led a consortium of banks to arrange a long-term syndicated loan worth approximately EGP 1bn for Mashareq Real Estate Investment, a subsidiary of Pioneers Properties for Urban Development (PRE Group). The financing will
NBE grants Ora Developers Egypt EGP 3bn long-term financing for Solana West project
The National Bank of Egypt (NBE) has signed a long-term financing agreement worth EGP 3bn with Ora Developers Egypt to help fund part of the investment cost for Solana West, one of the company’s flagship real estate developments in West
NBE, ADI Finance ink agreement to expand Sharia-compliant financing solutions
The National Bank of Egypt (NBE) has signed a financing agreement with ADI Finance, a subsidiary of Abu Dhabi Islamic Bank – Egypt (ADIB Egypt), aimed at supporting the company’s activities in financial leasing and mortgage financing. The agreement underscores
Egypt to finalize FDI, industrial development strategies in Q1, projects 4% economic growth
Minister of Planning and Economic Development, Rania Al-Mashat, announced that Egypt is on track to finalize its foreign direct investment and industrial development strategies in the first quarter (Q1) of this year. She also forecasted a 4% growth for the
MSMEDA injects EGP 6bn in 2024 financing, sets ambitious goal to double support in 2025
Basil Rahmi, CEO of the Micro, Small, and Medium Enterprise Development Authority (MSMEDA), revealed that the authority successfully injected EGP 6bn into Egypt’s medium, small, and microenterprise sector during 2024. This represents a 13% increase compared to the previous year.