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Egypt’s post-covid growth will need increased private sector involvement –European Commission
Egypt needs to involve the non-oil private sector in its sustainable covid recovery plan, according to an economic brief by…
EM debt levels rose at a faster pace than developed markets last year
Emerging market debt levels rose quicker than those in the developed world in 2020, and this “increasing divide” threatens to…
Egypt among the most vulnerable EMs to higher refinancing costs –S&P
Egypt, South Africa, Ghana and Kenya are the four emerging markets that could suffer the most from higher sovereign debt…
PickAlbatros Hotels secures USD 23 mn loan from Vantage Capital
Egypt-based PickAlbatrosHotels has obtained USD 23 mn worth of mezzanine loan from South African fund manager Vantage Capital, according to…
What do net foreign assets in banks tell us about capital inflows?
EXCLUSIVE- Foreign investment in local treasury bonds and bills may have dipped in March after having hit a record high…
Net foreign assets at banks dip in March
Net foreign assets (NFAs) in Egypt’s banking sector dipped 13.7% m-o-m in March to reach USD 17.70 bn, from a…
House pushes ahead with budget debate
The House of Representatives will be discussing the spending plan for individual institutions in the FY2021-2022 state budget throughout this…
Gov’t to slash subsidies doled out to help water companies cover expenses
State water companies will no longer be getting subsidies from the state to cover their spending shortfall starting next fiscal…
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