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What we’re tracking on 3 December 2020
Well, we made it through another week together, wonderful people. We hope you’re as happy to see the arrival of…
The pandemic hasn’t been kind to our current account
The pandemic hasn’t been kind to Egypt’s current account: Egypt’s current account deficit more than tripled to USD 3.83 bn…
Palm Hills closes EGP 1.25 bn securitized bond sale + more corporate sukuk issuance on the way
Palm Hills (PHD) has closed a triple-tranche EGP 1.25 bn securitized bond issuance, in a transaction handled by CI Capital…
2.3 mn jobs were lost during lockdown
Some 2.3 mn jobs were lost during the lockdown in 4Q2019-2020, according to statistics in the Finance Ministry report (pdf)…
What the markets are doing on 29 November 2020
The EGX30 fell 0.8% on Thursday on turnover of EGP 1.6 bn (42% above the 90-day average) as foreign investors…
Competition watchdog could be getting sharper teeth
A handful of legislative changes on antitrust, civil society, and investment received nods from the Madbouly cabinet during the weekly…
Economy to grow at 2.8-4% clip next fiscal year, Maait says
Egypt’s economy is expected to grow between 2.8-4% in FY2021-2022, Finance Minister Mohamed Maait told DMC over the weekend (watch,…
How can SMEs get around expensive office space? Pt.II
How can SMEs get around expensive office space? Pt II - shared office spaces: SMEs have long struggled with rising…
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