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Infrastructure 
EBRD to offer Beyti USD 44 mn loan to finance planned expansion
The European Bank for Reconstruction and Development (EBRD) approved a long-term loan of USD 44 mn to Beyti Food Industries,…
Banking
CBE, Banks launch the “spare change” initiative
Government banks have begun complying with the Central Bank of Egypt’s directive to set up a unified account to collect…
Golden Pyramids Plaza seeks shareholders’ approval to issue USD 200 mn in bonds
Golden Pyramids Plaza is looking to issue USD 200 mn in USD-denominated bonds to pay for a previous issuance, according…
Moneyfellows raises USD 600k
Fintech startup Moneyfellows raised USD 600k from Dubai-based Angel Investors and 500 Startups, according to Forbes Middle East. Moneyfellows, who…
Naeem shareholders approve DFM listing
Shareholder of Naeem Holding approved the dual listing of shares on the company on the Dubai Financial Market (DFM), according…
ARCO secures EGP 1 bn loan from Arab African
Al Arabia Company For Real Estate Development (ARCO) has secured an EGP 1 bn loan from Arab African International Bank,…
Arabian Cement reschedules USD 30.9 mn loan
Arabian Cement announced receiving approval to reschedule a USD 30.9 mn loan from National Bank of Egypt, according to a…
EGPC subsidiaries seeking EGP 10 bn loan
Misr Petroleum Company and Co-operation Petroleum Company are in talks with a local banking consortium to secure a EGP 10…
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