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FinMin to guarantee EGP 3 bn of low-interest CBE loans for tourism industry
FinMin to guarantee EGP 3 bn of low-interest CBE loans for tourism industry: The Finance Ministry will guarantee EGP 3…
Moody’s affirms Egypt’s credit rating at B2, outlook stable
Moody’s affirms Egypt’s credit rating at B2 with a stable outlook, citing effective policy and capacity to manage shocks: Moody’s…
IMF greenlights USD 2.8 bn in pandemic aid to Egypt
IMF greenlights USD 2.8 bn in pandemic aid to Egypt: The International Monetary Fund’s executive board signed off yesterday on…
What we’re tracking on 12 May 2020
Some good news to get us over the midweek hump: The International Monetary Fund has approved USD 2.77 bn in…
Egypt, World Bank discuss potential USD 200 mn loan for El Manashy railway line
Egypt, World Bank discuss potential USD 200 mn loan for El Manashy railway line: The Transport Ministry is in talks…
FAB completes due diligence on Bank Audi Egypt acquisition, now finalizing its offer
M&A WATCH- FAB completes due diligence on Bank Audi Egypt: First Abu Dhabi Bank (FAB) has completed due diligence on…
CBE may extend subsidized loan program to contractors
CBE may extend subsidized loan program to contractors: CBE Governor Tarek Amer will propose allowing contractors to access subsidized loans…
Egypt’s inflation rises in April to 5.9%, ahead of expectations
Annual urban inflation in April outpaced analyst expectations, rising to 5.9% from 5.1%in March, according to data out on Sunday…
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