Contracting SMEs are biggest beneficiaries of NBE financing initiative

The National Bank of Egypt (NBE) has agreed to finance 85% of contracting companiesā€™ delayed dues. The move will see contractors relinquish their contracting operations to the bank in return for obtaining the financing at decreasing 8% interest. Egyptā€™sā€¦

CBE considers engaging contracting sector in EGP 100bn initiative

https://www.youtube.com/watch?v=DkekqD0sU0U The Central Bank of Egypt (CBE) is considering engaging with the contracting sector as part of its EGP 100bn initiative supporting the industry and agriculture sectors, according to CBE Governor Tarekā€¦

Development role of contracting companies needs expanding

The number of companies involved in upcoming state development projects should be expanded in the current period, according to Mohamed Adel Raouf, Member of the Egyptian Federation for Construction and Building Contractors (EFCBC). Abdelā€¦