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What we’re tracking on 10 July 2019
It’s interest rate day tomorrow: There was a consensus among the nine economists we spoke to this week that the…
Banking
Central Bank of Egypt approves capital increase request by BdC’s Cairo International Bank in Kampala
The central bank has approved a request by Banque du Caire (BdC) majority-owned Cairo International Bank in Kampala to raise…
Egypt Post launches new electronic services
Egypt Post has launched a package of new electronic services, including EasyPay, a card to make transactions and online purchases…
Earnings watch: CIB reports 13% y-o-y increase in 2Q2019 bottom line
EARNINGS WATCH- Our friends at CIB delivered a 13% y-o-y increase in net income of EGP 2.71 bn in 2Q2019…
Banque Misr to launch e-wallet with Telecom Egypt
Telecom Egypt (TE) has signed an agreement with Banque Misr to launch an e-wallet enabling clients to transfer and receive…
Raya’s microfinance arm Aman to start collecting installments online
Raya Holding’s microfinance subsidiary Aman will start accepting installments from its clients online after obtaining Financial Regulatory Authority approval, CEO…
Egypt to launch electronic database for vehicles bought through loans
The CBE signed last month a cooperation agreement with the Interior Ministry and the Egyptian Credit Bureau (I Score) to…
Al Ahly Capital in talks for USD 350 mn loan for Al Canal factory in Minya
Al Ahly Capital has been in talks with international organizations for a USD 350 mn loan to be used for…
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