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What the markets are doing on 11 April 2021
Alibaba just got slapped with China’s largest antitrust penalty, with Chinese regulators imposing a USD 2.8 bn fine on the…
USD 200 mn World Bank loan to fight air pollution gets House approval
Greater Cairo could soon see fewer polluting emissions with the help of a USD 200 mn loan from the International…
Egypt on surer fiscal ground + more debt relief agreed + IMF backs wealth tax
IMF upgrades Egypt budget projections in latest outlook: Egypt’s public finances have withstood the test of covid-19 better than previously…
ADQ’s Agthia is one step closer to Atyab takeover
ADQ Holding’s Agthia to move forward with Atyab acquisition soon: Emirati state-owned investment firm ADQ Holding’s food subsidiary Agthia has…
Cabinet approves draft bill to regulate fintech industry
The draft law that will govern the fintech space received approval from the Madbouly cabinet in its weekly meeting yesterday,…
Rail upgrades get a boost
AfDB has approved a EUR 145 mn loan to finance railway upgrades through the Egypt National Railways Modernization Project (ENRP),…
IMF more upbeat on global growth, says covid-end “increasingly visible”
The IMF sees the global economy growing this year at a faster pace than previously expected, saying in its updated…
Banque Misr inks USD 100 mn loan agreement with JICA for SME lending
Banque Misr has signed a USD 100 mn financing agreement with the Japan International Cooperation Agency (JICA) and Sumitomo Mitsui…
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