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CBE lets EGP slide as Big Two state-owned banks announce 25% CDs
The Central Bank of Egypt made a big move on the FX front yesterday, allowing the EGP to slide against…
THIS MORNING: Enjoy the long weekend, folks
Good morning, wonderful people. Happy Thursday — and a very Merry Christmas to everyone celebrating this weekend. THE BIG STORY…
THIS EVENING: New 25% certificates from Banque Misr, NBE + PMI contraction softened in December + Pachin gets another suitor
Good afternoon, friends, and welcome to what has shaped up to be a brisk news day, suggesting the new year…
FinMin launches framework on sustainable sovereign bonds
The Finance Ministry has officially launched its new framework for issuing sustainable sovereign debt, according to a ministry statement (pdf).…
GB Auto agrees to sell 45% of its leasing business to Chimera Investments
GB Auto approves GB Lease stake sale: GB Auto’s board has approved plans to sell a 45% stake in GB…
FRA tightens controls on follow-on lending to SMEs
DEBT- State-owned Assiut National Oil Processing Company (ANOPC) secured a USD 2.9 bn loan to finance its new hydrocracking complex,…
Last Night’s Talk Shows: Getting imports flowing again
Imports led the inaugural talk shows of 2023, after Prime Minister Moustafa Madbouly held a presser at the weekend (watch,…
Importers can now turn the page on L/Cs
Moves on import curbs + privatization: Egyptian authorities removed import restrictions and approved the state ownership policy document on Thursday,…
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