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Net foreign assets record their first surplus in over two years
Egypt’s net foreign asset position turned to a surplus on the back of FX inflows from the Ras El Hekma…
Fresh funds from the EU, EIB, Germany, EBRD
Egypt and the EU inked an agreement that will disperse EUR 1 bn in macro-financial assistance during the second half…
Banque Misr and NBE follow CIB in halving FX commissions and raising credit card limits
Banque Misr and the National Bank of Egypt are halving their FX commissions to 5%
FX inflows and exchange rate stability boost banking sector forecasts, says Fitch Solutions
Egypt has signed around USD 57 bn worth of financing in 2024
CIB halves FX markup fees to 5% and eases card limits abroad
Good morning, folks. As many of you may know all too well, the government extended planned rolling blackouts for an…
JICA to soon disburse USD 300 mn loan for the fourth line of the Cairo Metro. PLUS: Tagaddod, Organi Group, QNB Al Ahli, Friday Ice Cream, Mediterraneo, Arkan Palm
The first phase of the line — which will connect Cairo, Giza, and the outskirts of Sixth of October city…
Turkish USD 700 mn denim factory gets gov’t greenlight. PLUS: Ades inks drilling contract, Forbes International Tower to cost USD 1 bn, Sahl eyes digital banking license, Alwady Green heads to KSA
The factory will be built on an area of 100k sqm and will provide around 5k jobs during its first…
EBRD mull funding Masdar-Infinity wind farm. PLUS: Simplex to open new factory, USAID + Banque Misr
The loan is for over half of the overall estimated cost of EGP 12 bn
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