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Central Bank says no USD amounts outstanding for foreign firms
Egypt has no outstanding debts to foreign companies, having paid USD 160 mn in arrears so far, central bank Governor…
Banking
Banque Misr in negotiations for loan
Banque Misr has entered into talks with international lenders for a USD 500-700 mn facility, according to Al Borsa. The…
Fawry to upgrade systems for EGP 300 mn
Fawry is looking to spend EGP 300 mn in the second half of the fiscal year to upgrade its systems,…
Al Ahly Capital to convert 39.5% of its shares in AMOC to GDRs on LSE
Al Ahly Capital is converting 39.5% of its shares in state-owned Alexandria Mineral Oils Company (AMOC) — the equivalent of…
Banking system received USD 41 bn since EGP float
The banking system has collected USD 41 bn since the EGP float last November, Ahram Gate reports, citing an unnamed…
Okasha, El Etreby expected to remain heads of NBE, Banque Misr
National Bank of Egypt head Hisham Okasha and Banque Misr Chairman Mohamed El Etreby are expected to remain in their…
Saudi Binladin Group’s Al Marasem signs EGP 900 mn facility with banking consortium
Saudi Binladin Group subsidiary Al Marasem International for Development signed contracts for a EGP 900 mn loan with a consortium…
MNHD begins procedures to launch GDR program
Madinet Nasr Housing & Development sought out the approval of the Egyptian Financial Supervisory Authority (EFSA) and the EGX to…
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