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Gov’t finances to see swift recovery from covid hit -IMF
The impact of covid-19 on the Egyptian government’s finances may not be as drastic as previously feared, according to the…
Moves: CIB’s CSO elected as MENA rep for sustainable banking, Egypt’s trade minister names new IMC boss
MOVES- CIB’s Chief Sustainability Officer Dalia Abdel Kader was elected as a MENA representative on the Banking Board for the…
E-commerce startup Fatura expanding to 10 governorates across Egypt
STARTUP WATCH- B2B e-commerce platform Fatura is expanding to 10 governorates across Egypt to cover all regions including Greater Cairo,…
Microfinance Act amendments that bring SMEs under legislation signed into law
LEGISLATION WATCH- SME lenders are now subject to the Microfinance Act now that President Abdel Fattah El Sisi ratified amendments…
International community must agree on Libor alternative -Al Mashat
The international community must agree on an alternative to Libor before it is phased out by the end of 2021,…
Egypt’s FRA approves HeidelbergCement, Suez Cement MTOs for subsidiaries
M&A WATCH- HeidelbergCement and Suez Cement’s MTOs for the remaining stakes in their subsidiaries got the regulatory greenlight from the…
HCCD kicks off restructuring plans to streamline operations
M&A WATCH- The new, slimmer HCCD: The state-owned Holding Company for Construction and Development (HCCD) is merging 11 of its…
Egypt’s small businesses are getting USD 2 mn-worth of loans + a slice of USD 10.1 mn-worth of grants from Google
Google is offering a total of USD 2 mn worth of loans (and a slice of USD 10 mn in…
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