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Egypt caps foreign borrowing in FY2018-19 at USD 16.7 bn
** #1 Egypt caps foreign borrowing at USD 16.7 bn this fiscal year: The government has apparently set a foreign…
Banking
CBE to soon issue guidelines for e-payments firms looking at limited banking services
The CBE will issue in days guidelines for electronic payment companies looking to carry out electronic banking services as part…
Housing Ministry, CBE look to expand Mortgage Finance Fund by EGP 10 bn
The Housing Ministry is in talks with the CBE to extend the EGP 20 bn Mortgage Finance Fund with an…
SMEs authority looks to provie EGP 2.5 bn in SMEs financing in 4Q2018
The SMEs Development Authority is looking to provide up to EGP 2.5 bn in financing for SMEs before year-end, authority…
EFG Hermes, NBE, CIB and AAIB bod on NUCA’s EGP 4.5 bn securitized bond issuance
EFG Hermes has formed a consortium with CIB, National Bank of Egypt (NBE), and Arab African International Bank (AAIB) to…
Ezz Steel Rolling Mills to borrow EGP 2.5 bn for working capital, expansion
Ezz Steel subsidiary Al Ezz Rolling Mills is near closing a EGP 2.5 bn loan agreement with five local banks…
Egypt, Shanghai Electric to finalize financing talks over USD 4.4 power plant next week
The Egyptian Electricity Holding Company (EEHC) will meet with China’s Shanghai Electric next week to finalize financing agreements for the…
Central Bank of Egypt sets a mandatory 10% active e-wallet quota for the banking sector
CBE sets a mandatory 10% active e-wallet quota for the banking sector: The central bank bank has set a September…
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