UAE Central Bank calls for immediate investigation of Banque Misr branches following US alert
UAE Central Bank Investigates Banque Misr The Central Bank of the UAE is set to carry out an urgent investigation into the activities of Banque Misr’s branches in the country. This action follows concerns raised by the US regarding potential money laundering practices associated with the bank. The inquiry will involve a detailed examination focused […]
NBE and Banque Misr secure EGP 8 billion syndicated loan for Palm Hills New Cairo project
Financing Facility for Palm Hills New Cairo The National Bank of Egypt (NBE) and Banque Misr have jointly established an EGP 8 billion long-term syndicated financing arrangement for Palm for Investment and Real Estate Development, a subsidiary of Palm Hills Developments. This financing aims to cover a portion of the investment expenses associated with the […]
Tatweer Misr introduces SALT Marina with an investment of EGP 28 billion in the North Coast.
SALT Marina Development Unveiled by Tatwia Misr Tatwia Misr has introduced SALT Marina, a mixed-use waterfront project located on Egypt’s northern coast, with a projected investment of EGP 28 billion. This initiative is part of a larger SALT development, which has a total investment plan of EGP 70 billion. The company aims to achieve sales […]