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EFG Hermes-Citi consortium snags advisory role in ACCH share sale
EFG Hermes-Citi consortium to run ACCH stake sale: A consortium formed by EFG Hermes and Citi has reportedly won the…
Banking
NUCA to receive EGP 20 bn syndicated loan, to issue EGP 10 bn-worth of bonds
The New Urban Communities Authority (NUCA) is set to sign a EGP 20 bn syndicated loan agreement with local banks…
Banque du Caire to allow credit card and loan repayments at Fawry outlets
Banque du Caire will now allow credit card payments and loan repayments to be done at Fawry outlets, Banque du…
Central Bank of Egypt finalizes draft Banking Act, sends to Cabinet for review
LEGISLATION WATCH- The central bank has finished drafting its new Banking Act and has sent it to the Madbouly Cabinet…
Egypt’s parliament committee gives nod to proposed amendments to Income Tax Act
LEGISLATION WATCH- Proposed changes to how banks are taxed get committee-level approval in the House: The House Planning and Budget…
CI Capital plans to launch mortgage financing unit by early 2Q2019
CI Capital plans to launch mortgage financing arm by early 2Q2019: CI Capital has submitted a request to the Financial…
Egypt is Citi’s most attractive frontier market for 2019
Egypt is Citi’s most attractive frontier market for 2019, according to a research report picked up by CNBC Africa that…
EBRD preliminarily agrees to lend EUR 400 mn to Egypt’s Damietta Port Authority
The European Bank for Reconstruction and Development (EBRD) has agreed in principle to lend EUR 400 mn to the Damietta…
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