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Central Bank of Egypt to hedge against loans to larger firms
CBE Credit Guarantee Company will guarantee loans by banks under EGP 100 bn stimulus program: The Central Bank of Egypt…
Central Bank of Egypt launches initiative to add 6.5k ATMs nationwide
The Central Bank of Egypt is helping banks to roll out 6.5k ATMs across the country as part of a…
Palm Hills signs EGP 365 mn loan with BM, AAIB to finance Hacienda Bay
Real estate developer Palm Hills Developments has signed a EGP 365 mn loan agreement with Banque Misr and the Arab…
Qasatli, EFG Hermes sign contract to issue EGP 1.8 bn securitized bonds for Amer’s Porto and Mansour groups
EFG Hermes and newly set-up mortgage finance company Qasatli have signed an agreement to issue EGP 1.8 bn-worth of five-year…
In line with consensus, Central Bank of Egypt leaves rates on hold in June meeting
CBE leaves rates on hold, in line with expectations: The Central Bank of Egypt left interest rates unchanged for the…
IMF gives final nod on USD 5.2 bn in funding to Egypt
The IMF has approved a one-year USD 5.2 bn standby loan for Egypt, helping the country plug a balance of…
IMF forecasts deeper recession, slower recovery as virus fears linger
YOUR DAILY DOSE OF GLOOM- IMF forecasts deeper global recession, slower recovery as virus fears linger: The global economy will…
FinMin to lay out plans to tighten state purse strings next fiscal year
FinMin to lay out plans to tighten state purse strings next fiscal year: The Finance Ministry is working on proposals…
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