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Global stocks see second-consecutive day of gains on bailout hopes
Global stocks see second-consecutive day of gains on bailout hopes: Global equity markets continued Tuesday’s rally yesterday on hopes that…
Covid-19 could cause Egypt’s GDP to shrink 1.3% this year -Capital Economics
Covid-19 could cause Egypt’s GDP to shrink 1.3% this year, before bouncing back in 2021, says Capital Economics: Egypt could…
CBE extends tourism support initiative with two-year soft loans
REGULATION WATCH- CBE extends its support to the tourism sector with two-year soft loans: The Central Bank of Egypt (CBE)…
Gov’t covid-19 measures could threaten 30% of Egypt’s nominal GDP -RenCap
Gov’t covid-19 measures could threaten 30% of Egypt’s nominal GDP -RenCap: Around one third of private consumption in Egypt “could…
Al Ahly Sabbour to invest EGP 5 bn in Keeva project
Al Ahly Sabbour is planning to seek a EGP 1 bn loan from local banks to finance its planned EGP…
Marseilia Group to obtain EGP 1 bn loan from NBE to quickly finish projects
Marseilia Group is looking to arrange a EGP 1 bn loan from the National Bank of Egypt to accelerate the…
Strong FX reserves, fiscal reform to mitigate short-term headwinds on Egypt’s external account -Fitch Ratings
Strong FX reserves, fiscal reform to mitigate short-term headwinds on Egypt’s external account -Fitch Ratings: Strong international reserves and the…
CBE moves against dollarization amid signs the parallel market for greenbacks is trying to make a comeback.
CBE moves against dollarization amid signs the parallel market for greenbacks is trying to make a comeback. There are signs…
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