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Banque du Caire in negotiations to increase loan to USD 100 mn
Banque du Caire (BdC) is in talks with an unnamed Arab financing institution to increase a USD 50 mn loan…
Marakez gets EGP 1.5 bn loan from 5 banks to build Katameya mall
Real estate developer Marakez has agreed a EGP 1.5 bn syndicated loan with five banks to build a mall in…
Investors want the CBE to extend its tourism sector initiative
Investors are petitioning the Central Bank of Egypt to extend its tourism rescue initiative for investors and businesses operating in…
Egyptian investment banks team up with international institutions to manage United Bank sale
M&A WATCH- Egyptian investment banks are teaming up with international institutions to manage United Bank sale: Local investment banks are…
Interest rate cut could save Egypt’s coffers EGP 15 in debt service
Last week’s interest rate cut could save Egypt’s coffers EGP 15 bn in debt service: The Finance Ministry could spend…
What we’re tracking on 26 August 2019
All the local business press could talk about yesterday is how much the CBE’s rate cut on Thursday is a…
Valu signs contract with insurance company for auto insurance installment plans
EFG Hermes’ fintech subsidiary Valu has signed a contract with an insurance company to feature its car insurance installment plan…
Central Bank of Egypt cuts interest rates for the first time since February
CBE cuts interest rates for the first time since February: The Central Bank of Egypt’s Monetary Policy Committee (MPC) cut…
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