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Egypt postpones state privatization program, new program to be announced in two months
PRIVATIZATION WATCH- The state privatization program is officially being put on ice as the covid-19 outbreak wreaks havoc on global…
CBE cuts interest for three of its financing initiatives, raises ATM withdrawal cap
REGULATION WATCH- CBE cuts interest for three of its financing initiatives: The Central Bank of Egypt (CBE) has reduced the…
EGX30 ends in the green for the first time in two weeks
The EGX30 closed Thursday in the green for the first time in weeks: The benchmark EGX30 closed in the green…
Talk shows cover covid-19 updates, mosques, churches shutting down
All covid, all the time: The nation’s talking heads — like the rest of the world — continued to be…
Beltone earmarks EGP 30 mn to establish SMEs arm
Beltone Financial is setting up a EGP 30 mn SME finance arm, Beltone SME, accordingto a regulatory filing (pdf). Beltone…
Banque du Caire shelves IPO on market volatility -sources
IPO WATCH- Banque du Caire shelves IPO on market volatility -sources: State-owned Banque du Caire (BdC) has postponed plans to…
FRA orders mortgage lenders, factoring and leasing companies to give clients six-month grace period
Mortgage lenders, factoring and leasing companies to give clients six-month grace period: The Financial Regulatory Authority has ordered mortgage lenders,…
Fawry, National Bank of Egypt to begin distributing 43k PoS devices to stores
The National Bank of Egypt (NBE) and e-payments platform Fawry are rolling out 43k point of sale (PoS) devices in…
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