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National Bank of Egypt, Banque Misr sell EGP 70 bn of high-interest CDs
State banks sell EGP 70 bn of high-interest savings certificates in three weeks: Around EGP 70 bn has been invested…
Cheiron, Pharos, Cairn move to second round of bidding for Shell Egypt onshore assets
Cheiron consortium moves to second round of bidding for Shell Egypt onshore assets: A consortium of Cheiron, Pharos Energy and…
Egypt’s inflation dips slightly in March to 5.1%
Inflation dips slightly in March to 5.1%: Annual urban inflation cooled to 5.1% in March from 5.3% in February, according…
A decade of de-risking banks has made financial markets more risky
Risk is energy, and it’s now moving from banks to money markets: The shadow of the financial crisis is looming…
Egypt’s AIH plans IPO of its non-bank financial services arms in 2021
IPO WATCH- AIH plans IPO of its NBFS arms in 2021: Arabia Investments Holding is planning to list its non-banking…
Central Bank of Egypt to scrub 100k individuals, 8k companies scrubbed from i-Score blacklists
CBE clears 8k companies, 100k individuals from i-Score blacklists: The Central Bank of Egypt (CBE) has decided to scrub individuals…
State-backed, Africa-focused brokerage and investment promotion company to tap CEO “soon”
A new government-backed brokerage and investment promotion company has shortlisted three candidates for its CEO and will make a decision…
Egyptians buy up EGP 53 bn of new high-interest savings certificates
More than EGP 53 bn has been invested into 15% certificates: National Bank of Egypt’s certificates have attracted EGP 36…
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