Latest in Tag: SMEs Highlight
Latest in Tag: SMEs
NBE provides EGP 27bn to 51,000 small, medium, micro-enterprises by end of October: chairperson
NBE provided EGP 5.2bn to more than 7,000 projects in 9 months as part of CBE initiative
SMEs continue to drive regional growth, comprising 90% of registered companies: BLOOVO Middle East
In the MENA region, SME employment is expected to reach 20 million workers by 2020, with an annual growth of 2.5%
SMEs Investors Association calls on government to review the sector’s legislation
We will soon launch a website to help young people establish and finance small projects, says El-Sakty
Emirates NBD-Egypt aims to increase SME portfolio to 10% by end of 2017, 20% by end of 2019
Bank launches special unit to provide technical, financial support to SMEs, supports it with qualified experts and geographic expansion plan
Tax reconciliation with SMEs contradicts function of Egyptian Tax Authority
Supreme Council for Investment approves tax exemption for profits of land reclamation projects that produce imported or exported crops
Emirates NBD launches specialised unit for financing SMEs in Egypt
Emirates NBD announced the establishment of a specialised unit for financing small- and medium-sized enterprises (SMEs) in the framework of its commitment to implement the instructions of the Central Bank of Egypt (CBE), besides the bank’s quest to expand in financing these projects. SMEs are one of the most important sectors that contribute to advancing …
SMEs need more than bank loans with low interest rates to succeed: experts
During his meeting with Minister of Industry and Trade Tarek Kabil, President Abdel Fattah Al-Sisi emphasised the importance of small- and medium-sized enterprises (SMEs) and how these could improve Egypt’s economy. The president noted that banks should provide loans with low interest rates not exceeding 5%, as the Central Bank of Egypt (CBE) initiative stipulated. …
Industry and Trade Ministry signs 3 cooperation protocols with NBE, ECHEM to support SMEs
Minister of Industry and Trade Tarek Kabil signed three cooperation protocols with the aim of providing facilitated financing packages and raw materials to small- and medium-sized enterprises (SMEs) in the two cities of Al-Robeky for leather, and Merghem for plastic industries. The minister said that an integrated industrial zone for leather was established with the …
Parliamentary Planning and Budget Committee suggests 10% tax rate for SMEs
I expect the government to introduce a tax law for discussion in the current legislative term, says MP Yasser Omar
SOUQ.com launches 2 programmes for SMEs to grow e-commerce in Egypt
SOUQ.com, the leading online shopping and e-commerce provider, launched two innovative selling programmes for small- and medium-sized enterprises (SMEs): “Fulfilled by SOUQ” and “SOUQ Selling Centre”. SOUQ.com considers the programmes to be advanced solutions in supply chain management and aims to build a fully integrated e-commerce ecosystem in Egypt. Through these programmes, SOUQ.com will be …
NBE aims to increase SMEs loan portfolio to 70bn in 4 years
The National Bank of Egypt (NBE) aims to increase the size of loans granted to small- and medium–sized enterprises to EGP 70bn over four years, according to the bank’s CEO Hazem Hegazy. Hegazy said that NBE began funding SMEs in 2010, noting that the current size of loans granted to these projects amounts to EGP …
MIDB aims for EGP 350m in profits by end of year: managing director Amr Tantawi
As FEB representative and newly-appointed EGX board member, Tantawi will coordinate between officials in the capital market and other related sectors
Negm discloses CBE’s efforts to support SMEs through participating in Leasing Conference
The conference will be held in Cairo on 11 October
54% health, wellbeing mismanaged due to time restrictions
Bupa reveals why SMEs in Egypt should focus on health and wellbeing of employees
CBE did not submit data we requested on EGP 200bn initiative: parliament SMEs Committee
We have yet to know the total allocated amounts and the map of the loans, said Abu El-Saad
NBE prepares to launch international bonds worth $600m in international markets
Industrial sector acquires 18% of SMEs’ loans; NBE targets to double them
The government’s new SMEs entity and the future of SMEs in Egypt
Having all the mechanisms for handling SMEs under one roof will facilitate the process of establishing and funding SMEs, says Marzban
Egypt needs regulations to become more business-friendly: IFC regional director
In 2016, the IFC invested a total of $352m in 7 projects across Egypt’s banking, manufacturing, infrastructure, and hospitality sectors
Egypt’s future depends on increasing domestic, foreign investment: United Bank chairperson
The Egyptian economy is a war economy; all Egyptians should stick together to safely overcome this stage, says Elkady
Social media effective business enabler for SMEs in Arab world: Orient planet
Internet users in the Arab world expected to rise to 226 million by 2018
2.4m small, microenterprises operating in Egypt as of end of 2015: CAPMAS
Agency recommends integrated national system for information about SMEs be formed; procedures to obtain financing at low interest rates be facilitated
UNB aims to boost SMEs financing to 8% of its total loans portfolio by end of 2016: vice chairperson
Union National Bank-Egypt (UNB) aims to boost its financing directed to small- and medium-sized enterprises (SMEs) to 8% of its total loan portfolio by the end of 2016, according to the bank’s Vice Chairperson Mohammad Nasr Abdeen. Abdeen told Daily News Egypt that the bank has put together a strategy through which its SMEs-directed funding …
AIB aims to increase loans granted to SMEs to EGP 7bn in 4 years: chairperson
The bank invested EGP 600m in the SMEs sector in 2015, with a current portfolio of EGP 1.5bn, says Seif El-Nasr
Banks to finish classifying SMEs, microenterprises to be financed by end of August: I-Score head
Nile Rating Company, specialised in SMEs, has merged in I- Score, said Kafafi
NBE, 10th of Ramadan Investors Association sign cooperation protocol to fund SMEs
NBE aims for its SME loan portfolio to reach EGP 72bn by 2020, says Hegazy
Banque du Caire aims to become the strongest bank supporting SMEs: CEO
Banque du Caire seeks to become the strongest bank operating in the Egyptian market in the field of small- and medium-sized enterprises financing (SMEs), according to Mounir El-Zahid, CEO and chairperson of the bank. El-Zahid said that the bank has considerable experience in financing these projects. It has created a separate department for SMEs, trained …
NBE finances 47,000 SMEs with EGP 28bn as of end of June
Bank aims to increase volume of provided SME funds to EGP 72bn over next 4 years, says Okasha
Pro-SME strategy is an aeroplane without wings
Despite increasing focus by the government and the Central Bank of Egypt on promoting small- and medium-sized businesses, they are not the sole solution and might not be able to accomplish the many promises made
Banque Du Caire allocates EGP 1.5bn to finance SMEs over 6 months: bank chairperson
SMEs define the future policy of the banking sector
SME financing ramps up in Egypt
Small and medium-sized enterprises (SMEs) have aided Egypt’s economic recovery, but there is still room for improvement, says report by Oxford Business Group