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Egyptian Steel negotiating for EGP 4 bn facility with banking consortium
Ahmed Abou Hashima’s Egyptian Steel is in talks with a banking consortium to provide it with EGP 4 bn to…
BANKING + FINANCE
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BANKING + FINANCE
NBE will not raise interest rates on personal loans, only commercial loans
The National Bank of Egypt (NBE) will not be raising interest rates on personal loans taken out before the CBE’s…
Euronet aims to invest EGP 400 mn in Egypt by end of 2018
Euronet Worldwide is aiming to invest EGP 400 mn in Egypt by the end of 2018, the company’s sales director…
Banque Misr, Blom Bank raise interest rates
Banque Misr and Blom Bank have raised interest rates on loans and certificates of deposit following the CBE’s decision to…
Banque Misr raises interest on savings accounts with variable interest to 2%
Banque Misr decided to raise the interest rate on variable interest savings accounts to 2%, Al Mal reported on Wednesday.…
Securities firms to move to fully electronic tax filing and payment system by year’s end
Securities firms will be filing their tax paperwork and making their payments electronically by the end of 2017, Vice Finance…
EGX approves CIB capital increase
The EGX approved CIB’s issued and paid-up capital increase to EGP 11.62 bn from EGP 11.54 bn. The capital increase…
Gov’t mulls increasing rates on Suez Canal investment certificates
The Finance Ministry is mulling raising interest rates on Suez Canal investment certificates to 17.5%, up from 15.5%, following the…
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