Latest in Tag: SMEs Highlight
Latest in Tag: SMEs
Egypt and China to sign business deals, loans: Abdel Nour
CDB to provide $100m loan to finance SMEs, further Chinese grant of $30m for remote satellite sensing, says minister
EFG Hermes net profits decline reaching EGP 359.1m in H1 2015
Investment bank’s unconsolidated financial statements show that losses have fallen by 38.8%
QNB Al Ahli, EBRD set $100m for SMEs in Egypt
EBRD provides QNB Al-Ahli with $40m for trade facilitation
Export councils seek to upgrade Egypt’s presence abroad
EFEC discusses increasing furniture exports through Egyptian participation in foreign expos, says Helal
Export councils seek to upgrade Egypt’s presence abroad
EFEC discusses increasing furniture exports through Egyptian participation in foreign expos, says Helal
EGP 76.5bn pumped into industrial sector in past 10 months: Abdel Nour
Industrial growth registered 17% this year, says minister
USAID to fund SMEs project in Egypt in 6 months: Director of Egypt mission
The agency allocated no less than $150m to fund new enterprises beginning next September, says Carlin
Banque Misr approves EGP400m for SMEs
The official further noted that the bank is currently studying funding a further 15 clients in the SME sector with EGP 100m.
Chinese companies to visit Egypt with Chinese President: Helal
Trade balance between the Egypt and China amounted $ 11.6bn last year, says Chinese Ambassador
EGP 1.6tn deposits in banks: NBE chairman
Eastern Mediterranean countries experiencing revolutions, war and bombings losses amounted to $250bn, says IUAB chairman
IDBE targets SME loan portfolio increase to EGP 1bn by end of 2015: Executive Board Member
Industrial Development and Workers Bank of Egypt aims to increase customers to 233% within expansion plans for small and medium loans
HSCB launches EGP300m growth fund for SMEs
This is the second growth fund launched by the bank
WASME to discuss new Egyptian SMEs law next month
Association will discuss cooperation to promote Egypt’s SMEs during meeting with Industry Minister
SFD signs EGP 50m agreement with Industrial Development Bank
Director-general of the Social Development Fund (SFD) Soha Soliman has signed two agreements with the Industrial Development Bank to develop small- and medium-sized enterprises (SMEs) in Egypt. The value of the agreements, which were signed on 17 February, is EGP 50m, funded by the French Agency for Development (AFD). SFD said that the agreements come …
12,000 SMEs facing problems in construction sector
Funding projects is the main obstacle they are facing, says Daker Abdellah
Communications ministry, Google launch Tamkeen Initiative
Initiative aims to support innovation and entrepreneurship for mobile phone applications
EGP 1bn retail banking portfolio at the end of December 2014: Emirates NBD
The bank’s figures show a total of EGP 18bn in total customer deposits by end of 2014 and EGP 2.4bn total financing for SMEs
Bank Audi aims to increase SMEs’ funding portfolio to EGP 400m by end 2015
Individual funding portfolio in Audi Bank in Egypt has reached EGP 2.4bn at the end of December 2014. General Manager of Audi Bank Egypt Mohamed Abbas Fayed said that the volume of small and medium enterprises (SMEs) portfolio has reached EGP 160m, noting that the bank aims to increase the portfolio funding to EGP 400m …
SMEs priority for finance ministry
Dimian revealed a study conducted by the government to set out a system of integrated incentives to bring about a “renaissance” for SMEs in coordination with the Ministry of Trade, the Social Fund for Development, and the Central Bank of Egypt.
Government to address obstacles facing entrepreneurship, SMEs: Mehleb
Bank branches in Upper Egypt and Nile Delta to facilitate funding for small and medium-sized companies, says CBE governor
Cairo’s small business owners hope for stability, skilled workforce and clear-out of bureaucracy in 2015
Mixed year for efforts of city’s start-ups, but optimism about coming year rides high
USAID expands energy efficiency programme in Egypt
Egyptian businesses have received assistance in reducing energy consumption by 7%-28%
EBRD invests $713m in 15 projects in Egypt: Philip ter Woort
Bank meeting with consultancy firm to consider supporting Suez Canal Corridor projects, bank’s Egypt Director
Government keen on supporting industry complexes, SMEs: Trade minister
The government is keen on giving a boost to all industry complexes nationwide as they involve many small and medium-sized enterprises (SMEs) that represent the larger slice of the Egyptian economy, Minister of Trade, Industry, and Small and Medium-sized Enterprises Mounir Fakhry Abdel Nour said. The minister said that his ministry has an ambitious plan …
Government SMEs company Board of Trustees to be announced before month’s end: Al-Araby
The board of trustees will be responsible to form mother company, its subsidiaries and raise funds, minister noted
EU and EBRD advisory support launched in Alexandria for SMEs
Private sector development through support for SMEs is one of the EBRD’s key objectives in Egypt, director says
IMC benefited 397 companies in 1HFY: Minister of Industry
The centre aims to offer 2,084 new services to support around 625 industrial entities, IMC CEO says
EGX chairman urges international financial institutions to acquire stake in SMEs
Mohamed Omran says new listing rules aim to encourage companies to join stock market
Minister of Industry plans to increase British trade and investment, with emphasis on ICT
Minister meeting with BEBA to discuss the promotion of British investment, with a special focus on ICT
Egyptian SMEs resist internet lure
Only 7% of the SMEs in Egypt have online presence and 61% have not even considered having a website.