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Marakez signs EGP 395 mn loan with Emirates NBD Egypt for new Ikea store
Fawaz AlHokair Group’s Marakez has signed a EGP 395 mn long-term loan agreement with Emirates NBD Egypt to finance a…
Egypt’s parliament to vote on Data Protection Act next week
LEGISLATION WATCH- The House of Representatives is due to vote on the Data Protection Act in a plenary session next…
Egypt’s core inflation rises fractionally in October; CBE sells EUR 695 mn in one-year EUR-denominated treasury bills
Egypt’s annual core inflation rose marginally in October to 2.7% from 2.6% the previous month, the CBE said yesterday (pdf).…
IFC could invest USD 25 mn in Lorax Capital SME PE fund
INVESTMENT WATCH- IFC could put USD 25 mn into Lorax SME PE fund: The International Finance Corporation could provide USD…
What we’re tracking on 12 November 2019
We don’t know whether to be grateful it’s already Tuesday, or to cry for all of the things that won’t…
CBE governor pledges to protect NBG’s employees if assets are sold to Bank Audi
M&A WATCH- CBE’s Amer tells NBG employees their “rights will be protected” in Bank Audi acquisition: Central Bank of Egypt…
Egypt’s annual headline inflation cools again in October
Headline inflation cools again in October, ramping up expectations of a rate cut this week: Egypt’s annual headline inflation rate…
Comparing Egypt and Lebanon’s reliance on their central banks
This morning in the foreign press: Egypt’s reliance on the central bank to finance government spending is a rare point…
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