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Infrastructure 
EBRD extends USD 50 mn to AAIB for Egypt exporters, importers
The European Bank for Reconstruction and Development (EBRD) has extended a USD 50 mn facility to the Arab African International…
Banking
ACC to restructure outstanding loans through new syndicated loan
Cement supplier Arabian Cement Company (ACC) is receiving a syndicated loan from the European Bank for Reconstruction and Development and…
Egypt’s CBE extends loan grace period for Sinai tourism investors by one year
CBE Governor Tarek Amer has granted a one-year extension to the grace period for outstanding loans South Sinai tourism investors…
EFG Hermes has four M&A transactions, two IPOs in pipeline
M&A WATCH- EFG Hermes has four M&A in its pipeline for execution in 1H2019 and will expand its debt capital…
What we’re tracking on 04 December 2018
The central bank’s parallel FX repatriation mechanism ends today for new portfolio investments. “The decision applies on any fresh foreign…
Hermes’ valU starts Red Sea pilot run
EFG Hermes’ valU, which offers payment-on-instalment services via a mobile app, has begun operating in Hurghada on a trial basis,…
CBE sells EGP 18.2 bn treasury bills
Egypt sold EGP 18.2 bn in treasury bills on Sunday, according to the central bank’s website. The sale included EGP…
United Bank considers providing online options for microfinance unit
The United Bank of Egypt is considering offering funding to micro projects through its online banking tools, Vice President Nevine…
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