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What we’re tracking on 28 September 2020
Good morning, friends. It’s a moderately light news day, so what better way to get started than to recognize members…
Against expectations, Central Bank of Egypt cuts interest rates by 50 bps
Central Bank of Egypt surprises with first rate cut since March: The Central Bank of Egypt (CBE) cut interest rates…
Italian bank seeks gov’t guarantee for railway loan
An unnamed Italian bank has requested that the oil or transport ministry issue a letter of guarantee for a potential…
EBRD could extend USD 100-200 mn to two Egyptian banks for SME lending
DEBT WATCH- Banks could get another USD 100-200 mn from EBRD to on-lend to SMEs: The European Bank for Reconstruction…
Remittances rise 11% in July
Remittances from Egyptians working abroad rose 11% to USD 2.9 bn in July, up from USD 2.6 bn reported in…
What we’re tracking on 23 September 2020
We’re looking forward to next week almost as much as we’re looking forward to the weekend. Friday and Saturday are…
Edita Food Industries to receive EGP 105 mn loan from Arab Bank
Edita Food Industries signed a medium-term loan worth EGP 105 mn with Arab Bank to finance a new production line,…
World Bank mulls financing part of USD 640 mn railway upgrade
DEBT WATCH- World Bank mulls financing part of USD 640 mn railway upgrade: The World Bank is studying a loan…
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