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Gov’t greenlights EGP 120 bn subsidized loan program to support industry and agriculture
The 15% interest rate charged is nearly half the central bank's post-float 28.25% lending rate
ACUD’s assets have tripled in value post float. PLUS: News from NBE, ITIDA, Al Ahly Momkn, IFC, Capricorn Energy
Three industrial developers have so far submitted offers for 1 mn sqm plots each in phase 2 of the new…
How did non-banking financial services perform during 4Q 2023?
The value of leasing contracts jumped about 68% y-o-y to almost EGP 39 bn in 4Q
CBE auctions off more EGP t-bills, this time at a much lower yield
The one-year bills received offers over 4x its original ask and six-month bills 2x its ask
NUCA eyes EGP 260 bn sukuk issuance in 2024
NUCA’s issuance would be the first of its kind from a government entity
Tarek El Nahas on why we may be looking at an “opportunity on a scale and at a speed that Egypt has never seen before”
I don’t go to any country or speak to a single client that doesn’t have an interest in Egypt
At least six state-owned banks rumored to be in line for leadership reshuffle
The National Bank of Egypt, Banque Misr, Banque du Caire, AAIB, EBank, and Suez Canal Bank could soon be under…
THIS EVENING: Banking sector shuffle expected within hours
Good afternoon, ladies and gentlemen, and happy hump day. We’re passing the midweek point with more local business news cropping…
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