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EFG Holding’s aiBank rebrands to Bank NXT
Bank NXT will focus on providing tailored financial solutions for individuals, SMEs, and corporate clients
Wall Street's biggest banks are lagging in their response to climate risks
80% of banks are gathering climate data, but fewer than half are adapting their financing for climate-vulnerable businesses
SMEs are getting a boost with new targeted tax incentives package
The measures aim to incentivize voluntary compliance with tax policy and ease the incorporation of the informal economy into the…
Egypt’s net foreign asset surplus rises to USD 13.3 bn in July
This is the country’s third month in the green after our net foreign assets shifted from deficit to surplus in…
CBE says banks allowed to set their own FX withdrawal limits following reports of enforced limits in the pipeline
No limits will be applied to FX deposits or overseas transfers
Polaris Parks is set to invest EGP 5 bn in new industrial complexes. PLUS: News from Saudi Drilling & Exploration, Jade Textile, EEHC
The company is waiting for five plots to be allocated
Egypt launches USD 660 mn ethane gas import company. PLUS: News from Banque du Caire, Tourism Ministry,
The company aims to import 1.1 mn tons of liquefied ethane gas a year
Net foreign asset position remains in the green in June despite surplus falling 10%
The net foreign asset surplus at commercial banks shrank 41.0% from the month before in June
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