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What we’re tracking on 7 August 2019
News dirth to reach a crescendo next week on expectations of widespread food coma epidemic: The August news lull continues,…
CBE to launch interest rate swaps between banks in October
CBE to launch interest rate swaps between banks in October: The Central Bank of Egypt (CBE) is planning to introduce…
Six Egyptian banks begin disbursing EGP 3.1 bn loan to Samcrete
Six local banks — the National Bank of Egypt, Banque Misr, Banque du Caire, SAIB Bank, Suez Canal Bank, and…
Egypt’s Domty signs agreement with America’s AMF for EGP 500 mn bakery line
The Arabian Food Industries Company (Domty) signed an agreement last week with US bakery equipment manufacturer AMF Bakery Systems to…
Egypt to tap Arab banks for planned USD 1 bn sovereign sukuk issuance
EXCLUSIVE- Egypt to tap Arab banks for planned USD 1 bn sukuk issuance: The government will not approach international banks…
Prime Holding mulls establishing consumer finance arm
Prime Holding is conducting a study on the consumer finance sector ahead of potentially setting up a new company, CEO…
Elmobasher for car financing to issue up to EGP 500 mn of securitization bonds
Car financing firm Elmobasher is planning to issue between EGP 400-500 mn of securitization bonds to provide liquidity for expansions,…
Raya Foods secures EUR 5 mn loan from EBRD
Raya Foods received a EUR 5 mn loan from the European Bank for Reconstruction and Development (EBRD) to expand its…
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