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The IMF expects Egypt’s economy to “rebound strongly” in FY2021-2022, with GDP coming in at 5.2%, according to a statement…
TONIGHT: IMF thinks Egyptian economy will rebound. + Are traditional banks going extinct? ALSO: Save Maadi.
Good afternoon, wonderful people — we hope you’re all looking forward to a week off as much as we are.…
EBRD launches USD 120 mn Youth in Business program, provides NBE with USD 20 mn credit facility for SME lending
The European Bank for Reconstruction and Development (EBRD) is launching a USD 120 mn Youth in Business program that will…
World Bank, EU join EastMed Gas Forum + Valu launches financing for Saudi German Hospital patients
World Bank, EU become observers at EastMed Gas Forum: Members of the East Mediterranean Gas Forum have agreed to bring…
Egypt applies for construction permits for Dabaa nuclear plant
Egypt applies for construction permits for Dabaa nuclear plant: Egypt's Nuclear Power Plants Authority has submitted licensing documentation for the…
Is MIH getting serious about tackling workplace inequality?
Misr Ins. Holding (MIH) has signed an agreement with the International Finance Corporation (IFC) that’s expected to open up more…
MaxAB closes landmark funding in fresh round led by Ahmed Badreldin’s RMBV
MaxAB has raised USD 40 mn in a series A round led by impact investor RMBV, bringing the amount invested…
Saudi grant for SME on-lending + new AI platform established to promote Egyptian AI scene
Two other things we’re keeping an eye on this morning: The Saudi government has provided three banks withan EGP 270…
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