SME
The deal falls within the framework of an initiative by the Central Bank of Egypt to offer loans at 5-7 percent interest rate to SMEs.
The market capital lost about LE 2 billion to reach LE 973 billion.
A wrap-up of the most prominent business news of the day.
A wrap-up of the most prominent business news of the day.
The Micro, Small, and Medium Enterprise Development Authority (MSMEDA) and the National Bank of Egypt signed a LE 400 million contract to fund small projects.
A wrap-up of the most prominent business news of the day.
Minister of Investment and International Cooperation Sahar Nasr launched on Sunday the movable guarantees registry system, which facilitates funding to SMEs.
Investments in the Upper Egyptian governorate of Sohag surpassed LE 10 billion in the last two years, Sohag Investors Association announced Saturday.
The bank will double loans financing SMEs in 2018 within the framework of the Central Bank of Egypt's initiative to expand SME loan portfolio.
Trade and Industry Minister Tarek Kabil said Saturday that Egypt is seeking to benefit from Singapore's know-how in industrial development.
Canada-Egypt Business Council (CEBC) will organize symposium themed "Entrepreneurship and Innovation, Future of Small and Medium Sized Enterprises in Egypt"
Tarek Kabil announced on Friday that the Ministry completed forming a draft law to develop micro, small and medium enterprises (SMEs).
MSMEDA has financed 224,000 micro and small projects with some LE 4.5 billion in 2017, providing around 305,000 jobs.
The office will offer financial, technical, training and marketing support for the projects in the area to enhance their productivity.
The Egyptian Exchange (EGX) gained LE 32 billion this week as the market capital went up 4.1 percent to LE 820.7 billion compared to LE 788.7 billion in the previous week.
Banque Misr and the Small and Medium Enterprises Development Agency sign a 400 million LE loan to finance SME.
The Egyptian Exchange (EGX) indices were collectively up for the second week in a row, raising its weekly gains to close at EGP 713.8 billion at the end of the week
Egyptian Minister of Investment and International Cooperation Sahar Nasr discusses with James Harmon Chairman of the Egyptian-American Enterprise Fund (EAEF) means of promoting the development of the Egyptian private sector with $300 million
Egyptian Minister of Investment and International Cooperation Sahar Nasr discusses with James Harmon Chairman of the Egyptian-American Enterprise Fund (EAEF) means of promoting the development of the Egyptian private sector with $300 million
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