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Evergrow to receive USD 150 mn loan to restructure debts
Egyptian fertilizer manufacturer Evergrow has reached an agreement with four local banks for a USD 150 mn loan to restructure…
Pharma companies' overdue export subsidies reach EGP 500 mn
Pharma companies are claiming they are collectively owed some EGP 500 in export subsidies from the government, Medical Industries Export…
Egypt’s pound rallies to near three-year high, breaking EGP 16 / USD 1 barrier
EGP rallies to near three-year high: The EGP rose to its highest level since February 2017 against the USD, breaking…
World Youth Forum, Egypt’s currency rallying on last night’s talk shows
The World Youth Forum continued to be the talking heads’ primary focus on its penultimate day, while the EGP breaking…
What we’re tracking on 17 December 2019
It’s another reasonably quiet morning, raising our suspicions that we’re approaching the end-of-year news slowdown, but two stories stand out:…
World Bank, EBRD to lend Egypt USD 1 bn for new Alexandria metro line
World Bank, EBRD to lend Egypt USD 1 bn for new Alexandria metro line: The World Bank and the European…
Egypt’s first corporate sukuk issuance coming in two weeks
DEBT WATCH- Egypt’s first corporate sukuk issuance coming in two weeks: Aircraft leasing company CIAF Leasing is gearing up to…
CBE confirms EGP 50 bn tourism support program
CBE confirms EGP 50 bn tourism support program: The Central Bank of Egypt (CBE) will increase tenfold the funding it…
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