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HSBC to manage USD 150 mn loan for PICO Group
HSBC is managing and marketing a USD 150 mn loan for PICO that will allow the company to restructure its…
ASORC in talks with local, Gulf banks for USD 500 mn loan in financing for refinery
The Assiut Oil Refining Company (ASORC) is in talks with local and Gulf banks for a USD 500 mn loan…
Egypt’s Finance Ministry sees the economy growing at a blistering 6.5% in the state’s 2019-20 fiscal year
The Finance Ministry sees the economy growing at a blistering 6.5% in the state’s 2019-20 fiscal year, up from a…
Central Bank of Egypt leaves interest rates unchanged
The central bank of Egypt (CBE) kept key interest rates on hold on Thursday, citing higher-than-expected headline inflation rates in…
EBRD says Egypt’s economy has seen “notable” decline in transparency of policymaking over past year, but gives us high marks on other key indicators
Egypt’s perceived transparency in government policymaking has “notably” declined over the past year, the EBRD said in its annual Transition…
Finance Ministry to select winning company to digitize tax authority mid-December
The Finance Ministry will reportedly select the winning company in its tender to digitize the Tax Authority by mid-December. Five…
Tourism Ministry considering three mechanisms in establishing private equity fund to upgrade hotels
The Tourism Ministry is considering three scenarios for the upgrade of Egypt’s hotels and resorts through its planned private equity…
Egypt to begin exporting fruits and vegetables to Japan
Egypt will begin exporting fruits and vegetables to Japan after quarantine officials from both countries reached an agreement on quality…
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