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Egypt inflation nearly doubles to 7.1% in December
Inflation nearly doubles m-o-m to 7.1% in December: Annual urban inflation jumped to 7.1% in December, up from 3.6% in…
Palm Hills negotiates EGP 500 mn loan to refinance debts
Palm Hills Developments (PHD) is negotiating with Ahli United Bank to obtain a loan of EGP 500 mn in order…
Egypt’s banking sector offers interesting prospects for international investors
Egypt’s banking sector offers solid prospects for international investors: Egypt’s favorable interest rate climate, the relatively small market capitalization of…
Misr Capital closes EGP 2.2 bn securitized bond issuance for Corplease
DEBT WATCH- Misr Capital closes EGP 2.2 bn securitized bond issuance for Corplease: Misr Capital has concluded a EGP 2.2…
Egypt’s foreign reserves up in December, foreign holdings of Egyptian treasuries up in November
Egypt’s foreign reserves increased marginally to USD 45.42 bn at the end of December, compared to around USD 45.354 bn…
Egypt sets up cabinet group to attract foreign investment
New cabinet committee to work on attracting foreign investment: Prime Minister Moustafa Madbouly set up on Monday a ministerial committee…
New central bank board paves way for MPC meeting on 16 January 2020
RATE WATCH- Formation of new central bank board paves the way for monetary policy meeting a week from tomorrow: President…
Egypt’s non-oil business activity inches up in December, remains in contraction territory
Non-oil business activity improves slightly in December, but it’s still in contraction territory: Egypt’s non-oil private sector continued to contract…
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