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Central bank to issue variable- and fixed-rate deposits after six-week halt
Variable and fixed-rate deposits are back on the central bank’s list of tools at today’s auctionafter a near-six-week pause, signaling…
Banking
Frontera warns that major EGX listings in the past show (USD) losses
Emerging markets investment portal Frontera warns that large IPOs in Egypt since 2004 have been followed by large losses. The…
NBE and Banque du Caire provide loan for railway system
National Bank of Egypt and Banque du Caire have agreed to co-arrange a USD 95 mn syndicated loan for the…
Acumen-BPE to begin marketing new EGP 1 bn real estate fund in September
Acumen-BPE will begin marketing the Housing and Development Bank’s EGP 1 bn real estate fund in September once it receives…
Titan and Audi ink loan agreement
Titan Group will inked a loan agreement with Bank Audi that will see it receiving between EGP 300-500 mn in…
NIB sells 459,395 shares in ADIB Egypt for EGP 4.8 mn
The National Investment Bank (NIB) sold 459,395 shares in Abu Dhabi Islamic Bank (ADIB) Egypt for EGP 4.8 mn, according…
EFG Hermes Leasing, ELAB sign EGP 50 mn agreement
The Egyptian Arab Land Bank and EFG Hermes Leasing announced concluding a EGP 50 mn agreement to “jointly offer leasing…
NBE earns USD 12 bn from foreign exchange
The National Bank of Egypt has earned north of USD 12 bn from foreign exchange since 3 November, Vice Chairman…
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