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Speed Medical will acquire City Labs in the coming months
M&A WATCH- Speed Medical (SPMD) is set to acquire 100% of City Labs in the coming months once SPMD completes…
Egypt’s inflation decelerated in May to 4.7%, below expectations
We caught a break: Inflation cools to six-month low: Annual urban inflation in May slowed to its lowest level since…
BRIEFLY NOTED- CBE’s POS machines, Emaar Misr says Cairo Gate isn’t new, Sika closes Bitumode acquisition
BRIEFLY NOTED- It will cost the central bank EGP 500-600 mn to finance the cost of rolling out 100k point-of-sale…
What we’re tracking on 9 June 2020
Good morning, friends — as you can tell from this morning’s tl;dr, it’s a packed issue today, so let’s jump…
How does the Egyptian economy achieve escape velocity from the covid-19 downturn?
How does the Egyptian economy achieve escape velocity from the covid-19 downturn? The answer lies in the “strategic monetization” of…
Egypt’s foreign reserves slip again in May, but at a slower pace
Foreign reserves slipped again in May, but at a slower pace: Foreign reserves edged down USD 1 bn to USD…
Egypt’s stocks nearly 5% higher after early SBA agreement
EGX rallies nearly 5% on news we reached a preliminary agreement for more IMF funding: The EGX30 rose 4.6% in…
AfreximBank could give Egypt’s banks up to USD 750 mn of credit facilities
AfreximBank is looking at extending USD 500-750 mn worth of credit facilities to local state-owned and private banks to help…
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