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It’s lift-off for the expat car-for-FX scheme
Cabinet is out with the rules and regulations for the expat car importscheme: The Madbouly government launches incentives to get…
It’s earnings season: Credit Agricole, ADIB, Telecom Egypt, Abu Qir, AMOC, TMG
EARNINGS WATCH- Credit Agricole Egypt’s net income after tax rose 37.4% y-o-y in 9M 2022 to EGP 1.6 bn, according…
EIB could commit USD 1.5 bn in new financing to Egypt
EIB could invest in water projects in Egypt: The European Investment Bank (EIB) plans to commit USD 1.5 bn in…
The first German green logistics hub in Sokhna 360
Elsewedy Industrial Development inked an MoU with German chemical producer BASF to build a green logistics hub in Elsewedy’s Sokhna…
Inflation hits four-year high in October
Inflation accelerates again in October: Urban inflation hit its highest level in four years in October on the back of…
Consumer finance player Blnk sells EGP 202 mn in securitized bonds
BNPL lender Blnk has closed a EGP 202 mn securitized bond issuance, the first in a three-year, EGP 2 bn…
Qatar deposits USD 1 bn with the CBE as acquisition talks stretch out
Qatar’s sovereign wealth fund has deposited USD 1 bn with the Central Bank of Egypt (CBE) as it negotiates to…
THIS EVENING: GB Auto founder Raouf Ghabbour dead at 69. Plus: Alaa Abdel Fattah’s hunger strike makes human rights a top focus at COP27
Good afternoon, friends. Before we get underway this afternoon, we’re going to ask you all to pause for a moment…
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