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Egyptian banks' profits jumped by 18% to EGP 83.1 bn by the end of 2019
Egyptian banks' net profits jumped 18% y-o-y to EGP 83.1 bn by the end of 2019, theCentral Bank of Egypt…
Raya aims to reissue EGP 700 mn in securitized bonds
DEBT WATCH- Raya looks to re-issue asset-backed securities with lower interest following CBE cuts: Raya Holding is looking to recover…
Contact, Aman awarded Egypt’s first consumer financing licenses
Contact, Aman awarded Egypt’s first consumer financing licenses: Contact, a subsidiary of consumer- and structured-finance player Sarwa Capital, has been…
Egypt was considering new cement, steel licenses despite supply glut
Was the gov’t considering new cement licenses in FY2020-21? The government was planning to license new cement producers starting July…
Egypt nearly halves fuel subsidy spending in 2020-2021 budget
FinMin nearly halves projected fuel subsidy spending in 2020-2021 budget: The Finance Ministry is allocating EGP 28.1 bn to subsidies…
Egyptian economy to grow 3.5% in FY2020-2021 –Reuters poll
Egyptian economy to grow 3.5% in FY2020-2021 –Reuters poll: Egypt’s economy will grow at a 3.5% clip in FY2020-2021, down…
Disruptech fintech fund makes its first investment in two Egyptian companies
STARTUP WATCH- Disruptech makes its first investment in two Egyptian companies: Disruptech, a USD 25 mn fintech fund recently set…
Apicorp to increase callable capital eightfold to USD 8.5 bn
Apicorp to increase callable capital eightfold: Arab Petroleum Investments Corporation (Apicorp) shareholders have given the go-ahead to increase the development…
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