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Infrastructure 
PHD expected to issue EGP 560 mn in securitized bonds this month
Sarwa Capital is expected to complete a EGP 560 mn securitized bond issuance for Palm Hills Development (PHD) this month,…
Banking
Alex Bank, Jordan Post agree to facilitate remittances
The Bank of Alexandria and Jordan Post have signed an agreement to facilitate wireless cash transfers to Egypt, Al Mal…
FRA approves establishment of SME-focused Fund-of-funds
The Financial Regulatory Authority (FRA) is allowing the establishment of SME-focused fund-of-funds, FRA boss Mohamed Omran said on Tuesday, according…
El Sisi meets with Visa CEO
President Abdel Fattah El Sisi met with Visa CEO Alfred Kelly and other company officials yesterday to discuss cooperation on…
Prime Holding planning acquisitions of food and education companies
Prime Holding is planning to acquire majority stakes in a food industries company and an education firm, according to statements…
CBE wants to make banking more accessible for the disabled
The central bank is considering new regulations to help make banking services more accessible for people with disabilities, a banking…
Private sector banks begin lowering interest rates in response to CBE’s latest rate cut
Private sector banks have begun lowering rates and scrapping high-yielding CDs in response to the CBE’s decision last Thursday to…
Oilex to borrow EGP 1.5 bn from banks consortium including CIB and NBE
Oil extraction company Oilex has reached an agreement which would see it borrow EGP 1.5 bn from a banking consortium…
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