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Moody’s upgrades five local banks’ credit rating outlook to positive
Moody’s cited the FX liquidity from the Ras El Hekma agreement in addition to recent reforms
FinMin wants advisors for Alexbank stake sale -report
FinMin invited local and int’l banks to pitch for the advisory role, Reuters reports
Alexbank secures USD 15 mn from EIB for green on-lending
The funding comes as part of the Green Economy Financing Facility
Gov’t to start marketing state companies to investors in April, says Maait
Another eight companies could be earmarked for privatization as Cabinet looks to give the asset sale program new momentum
Italy’s Intesa Sanpaolo in talks with Egyptian gov’t to acquire the rest of Alexbank
The Italian lender has been the majority shareholder of Alexbank since 2006
THIS EVENING: Italy’s Intesa Sanpaolo wants to become the sole owner of Alexbank + Biden makes surprise visit to Ukraine
Happy Monday, wonderful people. It’s relatively calm on the news front here at home so far, but we have a…
Moody’s downgrades five banks’ deposit ratings on sovereign credit risk
Moody’s has downgraded the long-term deposit ratings of five Egyptian banks on the back of its downgrade last week of…
Another subsea cable for our regional data hub ambitions
Telecom Egypt inaugurated its Red2Med submarine cable which runs from Ras Ghareb’s Red Sea to Port Said’s Mediterranean through the…
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