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Thomas Cook’s debt to Egypt hit EUR 14 mn
Liquidated British tour operator Thomas Cook’s debt to Egypt is at EUR 14 mn, half of which are owed to…
What we’re tracking on 19 November 2019
It’s a reasonably quiet morning on the business / finance / econ news front in Egypt. The three big news…
T-bill yields fall slightly in first auction after rate cut
T-bill yields fall slightly in first auction after rate cut: Yields on three-month and nine-month treasury bills fell yesterday in…
Surging debt levels in emerging markets hit record USD 71.4 tn in 2Q2019 -IIF
Surging debt levels in emerging markets hit record USD 71.4 tn in 2Q2019 -IIF: Total debt owed by emerging market…
Hassan Allam signs USD 20 mn loan with EBRD for investments in Egypt’s water, wastewater sector
Hassan Allam signs USD 20 mn loan with EBRD for water, wastewater investments: The European Bank for Reconstruction and Development…
Egypt successfully closes USD 2 bn triple-tranche eurobond issuance
Egypt successfully closes USD 2 bn triple-tranche eurobond issuance in first int’l debt auction for FY2019-2020: Egypt sold USD 2…
Central Bank of Egypt cuts interest rates by 100 bps
CBE cuts rates by 100 bps, in line with market expectations: The Central Bank of Egypt’s Monetary Policy (MPC) cut…
Midor Electricity wants EGP 485 mn EUR loans to raise capacity of power plant
Midor Electricity (Midelec) is negotiating with local private and state-owned banks, including the National Bank of Egypt, to obtain a…
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