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Egypt just got its first licensed SME-focused lender
Egypt just got its first licensed SME-focused lender: UK-based development finance institution CDC Group has been granted a license from…
Central bank to subsidize middle-income housing mortgage with EGP 50 bn
The Central Bank of Egypt (CBE) announced on Thursday it will provide EGP 50 bn to reintroduce subsidized mortgages for…
Egypt’s budget deficit hits 5.3% of GDP in 9M2018-2019
Egypt’s budget deficit fell to 5.3% of GDP in 9M2018-2019, compared to 6.2% in the same period the previous year,…
Egypt highly resilient “hidden gem” among EMs
Egypt is a highly resilient “hidden gem” among EMs -Bloomberg. Egypt, the Philippines, and India are sitting at the top…
FinMin to set new medium-term economic targets as global macro headwinds build
EXCLUSIVE- FinMin to set new medium-term economic targets as global macro headwinds build: The Finance Ministry is on track to…
EARNINGS WATCH- Sinai Cement reports EGP 78.3 mn net loss in 1Q19
EARNINGS WATCH- Sinai Cement reported a net loss of EGP 78.3 mn in 1Q2019, down 7% y-o-y from EGP 84.3…
Abraaj founder Arif Naqvi freed from prison after paying USD 19 mn conditional bail
Abraaj founder Arif Naqvi freed from prison after paying USD 19 mn conditional bail: Private equity firm Abraaj founder Arif…
Egypt’s cabinet approves USD 200 mn SMEs loan
CABINET WATCH- Cabinet approves USD 200 mn World Bank SMEs loan: The Madbouly Cabinet approved in yesterday’s meeting the USD…
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