Latest in Tag: SMEs Highlight
Latest in Tag: SMEs
NBE injected EGP 7.5bn to finance 9,200 SMEs in first year of CBE’s initiative to support these projects
77% of SMEs obtained loans to expand its existing activities and 23% to newly established projects
Head of SMEs Association presents executive steps of integrated industrial complexes
Alaa Al-Soketi, Head of the Egyptian Small- and Medium-Sized Enterprises (SMEs) Association said—during the second National Youth Conference in Aswan—that the integrated industrial complexes project will include 200 small plants of between 150 and 300 meters and 50 offices to provide services needed by factories in marketing, quality, finance, and others. He added that at a later stage …
United Bank to be first bank to join Egyptian SMEs Association
The bank is to sign a cooperation protocol with the association to investigate aspects of technical and financial support for the development of this sector, Kashmiri
NPA, CIB sign MoU for regulating financial services
The cooperation between major economic entities will increase the volume of financial transactions in the official market and support SMEs, Ezz Al-Arab says.
Egyptian SMEs Association to review obstacles facing projects on Monday
The Egyptian Small- and Medium-sized Enterprises (SMEs) Association is set to host Nevine Kashmiri as the assistant to the managing director of the department for funding small-, medium-, and large-sized enterprises on Monday to discuss some of the constraints faced by SMEs and micro enterprises, during a monthly forum held by the association. Khaled Nagaty, …
NBE, Banque Misr grant EGP 10bn in loans to SMEs in January
Banque Misr is considering pumping new loans worth EGP 1bn into the sector
Record financing for SMEs in Europe
The European Investment Bank and the European Investment Fund have said an unprecedented amount of money has gone into supporting small and medium-sized companies across the EU in the past 12 months.European Investment Bank (EIB) President Werner Hoyer said in Brussels on Tuesday the EIB Group consisting of the lender and the European Investment Fund …
International Cooperation Minister discusses boosting support to SMEs with EU delegation
Minister of International Cooperation Sahar Nasr met with a delegation of the European Union (EU) to Egypt, including Christian Leffler, deputy secretary general for European external action service (EEAS), Simon Mordue, deputy director-general for migration and asylum, Maciej Popowski, deputy director-general for neighbourhood and enlargement negotiations, and Reinhold Brender, acting head of the European Union …
2017 is the year of harvesting fruits of 2016 economic reforms: Tinawi
ABC-Egypt finalised preparing SMEs service infrastructure; ready to begin supporting the sector
I expect a major breakthrough for the economy and banking activity in H2 of 2017: Abu ElFotouh
NBE has SMEs, industry, exports as top priority in 2017
AIBK to increase SMEs financing portfolio to EGP 5.5bn by end of 2017
Arab Investment Bank aims to raise its small- and medium-sized enterprises financing portfolio to EGP 5.5bn by the end of the year
Strong expectations for banks to increase financing to SMEs and major projects in 2017: El-Etreby
Banque Misr aims to implement a strong plan to expand in terms of products and geography
Banks to double SMEs financing volume in 2017
Banks granted financing worth EGP 17bn for small, micro, and medium enterprises from January until September 2016
United Bank of Egypt appoints Nevine Kashmiri as assistant managing director of funding large enterprises, SMEs
I am currently restructuring the funding department in accordance with newest international banking system, says Kashmiri
United Bank adopts strong expansion plan throughout 2017, despite bank sale discussions
We are serious in providing banking and technical support for SMEs, says Elkady
Bedaya Fund aims to acquire stakes in 2 companies for EGP 20m in Q1 2017
Bedaya Fund for Small- and Medium-Sized Enterprises (SMEs) aims to acquire stakes in two companies for a total value amounting to EGP 20m in the first quarter (Q1) of 2017, according to a source close to the management. The two companies are among 15 SMEs and startups. The source said that the fund’s management has …
IDA offers El-Raswa and Badr complexes to investors on 8 January: chairperson
Ready complexes will be delivered within a year and prices are between EGP 1.4m and EGP 3m according to its space, says Ahmed Abdel Razek
NBE, IDA to finance projects under ‘Your factory is ready’ initiative
Total SMEs portfolio in the NBE reached EGP 28.4bn and serves 51,600 projects, says Montasser
Banks provided financing worth EGP17bn to SMEs and micro enterprises in 9 months: CBE
The recent issuance of certificates has attracted new deposits from outside the banking system estimated at EGP 64bn
Egyptian banking delegation visits Malaysia to learn about its experience in financing SMEs
The small- and medium-sized enterprises (SMEs) unit in the Egyptian Banking Institute (EBI) has organised a field visit to Malaysia in order to learn about the best international practices in the field of financing and serving these projects. The visit was part of the Central Bank of Egypt’s (CBE) initiative to facilitate the provision of …
Egypt is a great example of financial inclusion in the region and across the world: Visa senior vice president
Visa signed MoU with FEDCOC to encourage acceptance of card payments by cash-intensive SMEs
SMEs account for 10% of QNB Alahli loans portfolio: chairperson
The bank’s outcome of hard cash increased tenfold following flotation, says El Dib
SFD to be merged with new SMEs development authority: source
The new authority’s board of trustees will be announced next month
Cooperation protocol between Banque du Caire, 10th of Ramadan Investors Association to finance SMEs
The cooperation protocol comes within the framework of the initiative launched by the CBE at the beginning of 2016 to finance SMEs
Cabinet approves draft decision to establish SMEs development authority
The authority’s board will be chaired by the industry minister, and the board of trustees by the prime minister
EBRD, QNB Alahli fund SMEs with $140m
The European Bank for Reconstruction and Development (EBRD) is partnering with QNB Alahli to support small- and medium-sized enterprises (SMEs) and energy efficiency in Egypt with a $140m financial package. QNB Alahli is one of the EBRD’s largest clients in the financial sector, with a partnership totalling $370m dedicated to supporting SMEs, trade, and the …
HDB focuses on financing 4 major sectors of SMEs
Microenterprises will be financed through companies and associations specialised in these projects, says vice chairperson
Visa announces 3 partnerships at Cairo ICT to encourage electronic payments, support SMEs
Visa signed an MoU with FEDCOC, and partnered with ITIDA and Egypt Post
Bank Audi Egypt aims to increase SMEs portfolio to EGP 6bn in 4 years: deputy chairperson
Current portfolio stands at EGP 1bn, supported by strong specialised SMEs financing schemes, says Fayed
Banque Misr finances 419,000 clients working in micro-enterprises, SMEs
The bank granted 30,400 loans under Mashrouak (Your Project) initiative worth EGP 983m throughout a year and a half