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Valu signs contract with insurance company for auto insurance installment plans
EFG Hermes’ fintech subsidiary Valu has signed a contract with an insurance company to feature its car insurance installment plan…
Inertia, BdC sign EGP 575 loan agreement for construction work
Inertia signed yesterday a five-year EGP 575 mn loan agreement with Banque du Caire, according to Reuters’ Arabic service. The…
Al Marasem eyes Banque Misr to become lead arranger for EGP 2 bn Islamic loan
Real estate player Al Marasem International is in talks with Banque Misr to have it act as the lead arranger…
All quiet on the airwaves last night
Social media tax coming soon: The Finance Ministry will soon announce a VAT on e-commerce platforms and social media ads,…
Up to 80% of Suez Canal CDs to be reinvested in September: Sources
Up to 80% of Suez Canal CDs to be reinvested in September -sources: A large majority of Suez Canal certificate…
Egypt in the News on 15 August 2019
There are no major stories dominating the conversation on Egypt in the foreign press this morning. Stories worth a skim:…
CBE signs MoU with Dubai financial regulator
The Central Bank of Egypt signed an MoU with the Dubai Financial Services Authority (DFSA) at the end of July…
CBE to launch interest rate swaps between banks in October
CBE to launch interest rate swaps between banks in October: The Central Bank of Egypt (CBE) is planning to introduce…
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