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The banks now have a rating of B, down from B+
Author Archives: enterpriseam admin
Posted inM&A WATCH
Orascom Construction sells chemicals subsidiary for EGP 1.8 bn
OC plans to allocate the proceeds to “growth and value-accretive areas”
Posted inLAST NIGHT’S TALK SHOWS
PM Madbouly’s presser, economy top talk show coverage
The privatization program will help plug the FX shortage, says cabinet spox
Posted inAlso on our Radar
Fintech startup Axis launches following USD 8.3 mn funding round
The company is backed by Tiger Global, Sawari Ventures and Raba
Posted inPLANET FINANCE
Too many zimmer frames = worse credit ratings
Big three rating agencies warn of fiscal impact of aging populations
Posted inCALENDAR
MAY 16-18 May (Tuesday-Thursday): Egypt Cybersecurity & Defense Intelligence Systems expo, Egypt International Exhibition Center. 17-31 May (Wednesday - Wednesday): Second round of applications for sixth phase of export subsidy program. 18 May (Thursday): National Dialogue session. 18 May (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting. 19 May (Friday): Arab League summit, Riyadh. […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: It’s interest rate day + El Sisi heads to KSA
Good afternoon, wonderful people, and a very happy THURSDAY to us all. We’re winding down what has been a busy and exciting week, and the news cycle appears to be (kind of) on the same page. THE BIG STORY TODAY It’s interest rate day: The Central Bank of Egypt (CBE) is expected to maintain interest […]