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Central Bank of Egypt cuts rates by 100 bps, in line with expectations
In line with expectations, CBE cuts rates: The Central Bank of Egypt’s Monetary Policy Committee (MPC) cut interest rates by…
Domty signs EGP 100 mn loan with CIB
Cheese producer Domty has signed a medium-term, EGP 100 mn loan with the CIB to fund future expansion plans, including…
Fortune 500 company Prudential Financial to invest in Egypt’s Sarwa Insurance
INVESTMENT WATCH- Prudential Financial to invest in Sarwa Insurance: Fortune 500 insurance firm Prudential Financial’s impact investing arm has inked…
What we’re tracking on 26 September 2019
You may now take a breath: The sell-off on the EGX30 finally cooled off yesterday as the index closed up…
Orascom Construction to build EGP 636 mn HDB HQ in new capital
Orascom Construction signed an agreement with the Housing & Development Bank (HDB) on Sunday to construct the bank’s headquarters in…
What we’re tracking on 25 September 2019
Aside from the fact that the EGX has, in just three days, largely erased its gains of this year (more…
Solidarity Ministry to receive World Bank loan tranche for employment initiative next month
The Finance Ministry could disburse EGP 800-900 mn from a recently agreed USD 500 mn World Bank loan to the…
USD dominance under threat as digital currencies look to transform global financial system
Is the dominance of the greenback under threat as digital currencies look to transform global financial system? A fundamental transformation…
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