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Egypt signs USD 1.5 bn funding agreement for basic imports with ITFC
The ITFC is lending us another USD 1.5 bn for petroleum + commodities imports: Egypt has signed a fresh USD…
CBE holding the line on new import rules
The Central Bank of Egypt (CBE) is not about to reverse its decision requiring importers to get letters of credit…
Importers, get your letters of credit ASAP
Importers are going to need letters of credit to buy goods starting March: Documentary collection from exporters will no longer…
Edita launches a new biscuit
Edita Food Industries is expanding its biscuits segment with the launch of Oniro Mini Lava at a retail price of…
We could see a slice of the EU’s new investment plan for Africa + EBRD signs off new Egypt country strategy
EU drafts EUR 20 bn investment plan in Africa — and some of it could head our way: The European…
More financing from ITFC could be coming our way in February
The Madbouly government plans to finalize as early as this month a new financing program for 2022 with the International…
MTI to sell Apple products in Egypt starting 3Q2021
iSheep rejoice: MM Group for Industry and International Trade (MTI) will sell Apple products in Egypt from 3Q2022 after signing…
Last Night’s Talk Shows: Record exports + Natgas vehicle scheme
Our record 2021 export revenues dominated coverage on the airwaves last night. The USD 45.2 bn in export revenues —…
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