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ENTERPRISE POLL- CBE to leave rates on hold at upcoming meeting
ENTERPRISE POLL- The CBE is expected to leave rates on hold: Rising commodity prices and higher US yields will likely…
The market on 22 April 2021
The EGX30 fell 0.4% at today’s close on turnover of EGP 923 mn (29.6% below the 90-day average). Foreign investors…
Banks can start issuing deposit-backed electronic currencies under new CBE regs
Commercial banks are now allowed to issue e-currencies under newregulations (pdf) announced by the central bank yesterday. One unit of…
Evergrow is restructuring its debts
Egyptian fertilizer company Evergrow has signed a USD 400 mn loan agreement with a syndicate of 12 banks led by…
CBE raises withdrawal + transfer limits from mobile wallets
SMART POLICY- Mobile wallet users can now borrow, withdraw, and transfer larger sums per day under new regulations (pdf) released…
FAB begins share transfer in Bank Audi acquisition
First Abu Dhabi Bank (FAB) has begun the share transfer process in its acquisition of 100% of Bank Audi’s Egypt…
Shifting gears
Emerging market central banks waving goodbye to their easing cycles? Policymakers across 37 emerging markets delivered five net interest rate…
The secondary market for homes just got interesting to NBFS players — and to tech
Real estate startups Isqan.com and Qasatli have partnered up to provide installment plans to online homebuyers, Isqan said in a…
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