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CBE plays it safe and leaves rates on hold in July
CBE plays it safe and leaves rates on hold: The Central Bank of Egypt’s Monetary Policy Committee (MPC) left key…
Banking
What we’re tracking on 14 July 2019
Good morning, ladies and gentlemen, and welcome back from what we hope was a relaxing weekend with family and loved…
Earnings watch: Egypt’s QNB Al Ahli reports EGP 2.2 bn in 2Q2019 profits
EARNINGS WATCH- QNB Al Ahli reported a net profit of EGP 2.2 bn in 2Q2019, up 18.4% y-o-y from EGP…
What we’re tracking on 11 July 2019
Admit it: You didn’t expect to see inflation at single digits last month. Annual inflation plunged to three-year lows in…
Government reaches settlement on El Nasr for Steam Boilers
The government will make a EGP 624 mn indirect payment to Saudi Arabia’s Al Kholoud and Faisal Bank to settle…
Blom Egypt Securities applies for short selling license
Blom Egypt Securities has applied for a short selling license from the Financial Regulatory Authority (FRA), Managing Director Mohamed Fathalla…
Edita finalizes USD 20 mn loan agreement from IFC
Edita finalized yesterday a USD 20 mn loan agreement from the International Finance Corporation (IFC), according to an emailed statement…
Egypt’s banking sector to see 15% y-o-y earnings growth 2Q -EFG Hermes
Egypt’s banking sector to see 15% y-o-y earnings growth in 2Q -EFG Hermes: The Egyptian banking sector will see bottom…
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