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Egypt’s banks to roll out Meeza debit cards in April to bank account holders
Local banks will begin rolling out state-backed “Meeza” debit cards in April to bank account holders, according to Al Mal.…
Banking
Egypt to collect taxes under new banking treatment quarterly, not monthly
EXCLUSIVE- Gov’t to collect taxes from new banking tax treatment quarterly, not monthly? The government will likely collect taxes from…
Misr Capital Investments looks to launch first direct investment fund by year-end
Banque Misr’s investment arm Misr Capital Investments is planning to launch its first private equity fund before year-end and is…
Egypt’s NUCA names managers of planned EGP 10 bn bond securitization
The New Urban Communities Authority has selected EFG Hermes, CIB, National Bank of Egypt, and Arab African International Bank to…
Global Lease to borrow USD 10 mn from EU-based funds to diversify sources
Global Lease is planning to borrow USD 10 mn from two unnamed European lenders this year to diversify its financing…
Earnings watch: EFG-Hermes and Al Ezz Dekheila Steel report 2018 results
EARNINGS WATCH- EFG Hermes is proposing an EGP 0.65 / share dividend for FY2018 pending approval of the financial service…
CBE directs banks to provide facilitated loans to Egypt’s farmer cooperatives
The Central Bank of Egypt (CBE) has instructed commercial banks to begin extending facilitated loans to Egypt’s farmers, according to…
What we’re tracking on 19 March 2019
We are, to quote corporate Egypt, “cautiously optimistic” that the weeklong news drought is slowly coming to an end. Top…
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