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Egypt’s non-oil business activity falls slightly in October, but sentiment is up
Non-oil business activity falls slightly in October, but sentiment is showing strong improvement: Egypt’s non-oil private sector remained in contraction…
National Bank of Egypt, NBK ask FinMin to guarantee USD 700 mn ANOPC loan
The National Bank of Egypt and the National Bank of Kuwait have requested letters of guarantee from the Finance Ministry…
Financial Regulatory Authority greenlights micro lenders to offer nano-lending
Startup types and bankers alike, take note: The Financial Regulatory Authority (FRA) is now allowing microlenders to begin offering nano…
FinMin revises Egypt’s public debt target for FY2020-2021 again
FinMin sets more ambitious public debt reduction target, but more conservative GDP growth estimate, for FY2020-2021: The Finance Ministry is…
Egyptian bonds are the best performing in 2019, despite interest rate cuts, says Emirates NBD
Egypt’s bonds outperformed this year, despite consecutive rate cuts -Emirates NBD: Egypt’s local currency bonds have been the best performing…
Egypt in the News on 4 November 2019
In the foreign press this morning: The UAE’s The National has a story that questions President Abdelfattah El Sisi’s suggestion…
National Bank of Egypt to divest stakes in 5-6 companies by end of 2019
PRIVATIZATION WATCH- NBE to divest in 5-6 companies by year end, create opening for private sector investors: The National Bank…
EDF to invest USD 25 mn in KarmSolar this year
M&A WATCH- EDF to invest USD 25 mn in KarmSolar this year: French energy company EDF Renewables is reportedly in…
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