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What we’re tracking on 4 May 2020
Egypt took a big step last night toward the reopening of an economy that never went fully to sleep as…
Madbouly, Al Mashat hold conferences with international institutions on how to support Egypt through covid-19
Madbouly, Al Mashat talk to international institutions about ways to support Egypt through the pandemic: Prime Minister Moustafa Madbouly and…
China’s Belt and Road loans are coming under pressure amid pandemic squeeze
China’s Belt and Road loans are coming under pressure amid pandemic squeeze: Several countries are seeking debt relief from China…
Egypt ranks 61 out of 117 countries in budget transparency survey
Egypt ranked 61 out of 117 countries in the International Budget Partnership’s Open Budget Survey, which ranks countries for the…
Egyptian banks’ net foreign assets nearly halved in March amid covid-19 sell-off
“Egypt’s commercial banks provided USD to investors in March, helping keep the EGP stable during a bond selloff” in a…
Latest draft of the Banking Act is set to go to the House today; includes 1% industry development tax, appears to scrap proposed term limits on bank MDs
LEGISLATION WATCH- Latest draft of the Banking Act is set to go to the House today; includes 1% industry development…
Egypt to obtain USD 400 mn World Bank loan for universal healthcare
CABINET WATCH- Egypt okays fresh financing from World Bank loan for healthcare: The Madbouly Cabinet agreed in its meeting yesterday…
Central Bank of Egypt cuts interest on loans to tourism companies to 5%
REGULATION WATCH- CBE cuts interest on soft loans for tourism industry to 5% from 8%: The central bank is subsidizing…
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