IFC in $20 million equity deal to support construction sector in Egypt
The IFC announced a $20 million equity investment in Hassan Allam Holding, one of Egypt’s largest private construction companies, last...
Finance
Qatari bank trio in talks for potential $44 billion merger
Qatari banks Masraf Al Rayan, Barwa Bank and International Bank of Qatar have begun initial talks for a potential merger...
Qatar allocate plots valued over $8 billion to private businesses
Qatar has allocated plots to private businesses within the logistics and warehousing sectors, in an effort to enhance the trade,...
GE and banks partner to finance Iraqi projects
GE, Trade Bank of Iraq (TBI) and Standard Chartered Bank (SCB) have signed a financing MoU to accelerate the development...
Jordan looks to sukuk to bolster financial toolkit
Building on recent growth in Islamic finance, Jordan is expanding its funding options and tapping a rising market through the...
Iranian banks trying to catch up after years of isolation
After years of isolation left them with outdated practices, now they are trying to fall in line with international standards...
Egyptian banks secure $2.2 billion to meet customers’ needs
The Information and Decision Support Center (IDSC) in the Egyptian cabinet said that the banks operating in Egypt provided $2.2bn...
BP to invest $13 billion in Egypt before 2020
British oil company BP Global has plans to invest some $13 billion in Egypt before 2020, the UK embassy in...
IMF approves $12 billion loan to Egypt
The International Monetary Fund’s executive board on Friday approved Egypt’s request for a $12 billion loan facility, after the North...
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Around $85 million is required to complete three industrial cities planned by the Ministry of Industry for Baalbek, Tourbul-Qosaya, and...
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