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Banque Misr to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors
Banque Misr is set to provide letters of guarantee worth USD 162 mn for Orascom Construction and Arab Contractors for…
BdC net profits triple year-on-year in 1Q2019
EARNINGS WATCH- Banque du Caire (BdC) net profits almost tripled year-on-year to EGP 1.21 bn in 1Q2019, up from EGP…
Egypt’s Raneen El Welily and Karim Abdel Gawad crowned champions of CIB squash tournament
Egypt’s Raneen El Welily and Karim Abdel Gawad were crowned champions of the 2018-19 CIB Professional Squash Association World Tour…
Orascom Development signs debt rescheduling agreement with Egyptian banks
Orascom Development Egypt (ODE) signed a CHF 228.1 mn (EGP 3.8 bn) debt rescheduling agreement with Egyptian banks that will…
What we’re tracking on 16 June 2019
The nation has football on its collective mind this week as we head into Friday’s kickoff at the African Cup…
Draft law granting Egypt’s FRA autonomy revealed
LEGISLATION WATCH- Leaked draft law would grant autonomy to the FRA: The full draft of a proposed law to grant…
Egypt’s GB Lease completes EGP 767 mn securitized bond issuance
GB Lease has completed a EGP 767 mn securitized bond issuance to improve its short-term liquidity position, according to a…
Fawry to allow Egyptian retailers to obtain bank loans through Fawry Plus
Fawry is planning allow retailers to apply for bank loans through its Fawry Plus branches in partnership with local banks,…
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