Business Blog

SMEs portfolio achieved a 7 percent growth of customers as of end H1 2016.

Banque Misr, Egypt's second-largest state lender, has obtained a $105 million murabaha financing facility from three United Arab Emirates banks.

Banque Misr, Egypt's second-largest state bank, has obtained a $105 million murabaha financing facility from three UAE banks.

Bids will be accepted until June 23, with the tender to be held a day later.

The nine-year facility means Barwa has refinanced all its financing liabilities.

The funds would help finance several projects, including improvement of slum areas, electricity transmission and developing Islamic finance.