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Central banks pulls a record EGP 1.1 tn in liquidity from the banking sector
Good morning, folks. The news flow has picked up after a couple of less than eventful days with news of…
Banque Misr’s MDI has poured some EGP 2.5 bn into Onebank. PLUS: News from Elsewedy Electric, OPay, Edita
MDI received preliminary approval last week from the Central Bank of Egypt to launch Onebank
CIB’s net income nearly doubles in 1Q 2024
Revenues jumped 82% y-o-y to EGP 21.8 bn during the period
A recap of day two of IFC regional VP’s visit: Fresh financing, advisory service agreements and privatization chatter
The IFC signed an advisory services agreement with the Universal Health Ins. Authority
Egypt’s foreign debt rose USD 3.3 bn in 1H FY 2023-24
The central bank estimates that USD 36.4 bn of our medium- and long-term debt will be repaid this year
Post-float return of FX liquidity persuades MSCI to remove special treatment measures for Egyptian stocks
Changes will take effect after May 31
No more long bank queues
Good morning, y'all. Much like the weather, local business and economy news is heating up. In today’s issue, we’ve got…
Foreign reserves hit their highest level in over four years
FX reserves hit USD 41.1 bn in April
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