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QNB Alahli in talks with EBRD for USD 70 mn loan
QNB Alahli is in talks with the European Bank for Reconstruction and Development (EBRD) over a USD 70 mn loan,…
Banking Act to impose term limits on board members at state-owned banks
LEGISLATION WATCH- Banking Act to impose term limits on board members at state-owned banks: The new draft Banking Act would,…
Egypt’s industry could catch a break from high electricity prices, gov’t to announce new rates “in days”
Manufacturers could catch a break as gov’t looks set to announce new electricity prices for industry today: Industrial producers could…
Fintech in Egypt has the potential to boom
A deep dive into the state of fintech in Egypt: Egypt’s burgeoning fintech scene could spur growth by helping bring…
Bank Audi, NBG to present acquisition bid to the central bank in two week
M&A WATCH- Bank Audi, NBG seeking central bank signoff on sale: Bank Audi and the National Bank of Greece (NBG)…
Egypt expects subsidy spending to come in EGP 13 bn below budget in FY2018-2019
EXCLUSIVE- FinMin expects subsidy spending to come in EGP 13 bn below budget this fiscal year thanks to lower oil…
When will we see capex spending pick up?
EXCLUSIVE- With interest rates likely to be left on hold this week, don’t expect a pickup in capex spending this…
What we’re tracking on 20 May 2019
As many as 17 people were injured yesterday after an explosive device hit a touristbus near the Grand Egyptian Museum,…
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