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A USD 50 mn home appliances complex incoming?
PLUS- The Financial Regulatory Authority bumped up the limit on microins. coverage
MAFI secures USD 180 mn for its agri-food project in Sadat City
The project is expected to begin operations in March 2026
Banque du Caire’s privatization push gains new momentum
We could see a stake sale as soon as 1H 2025
Onaelectric Industries to give circuit breaker localization a boost with new factory. PLUS: Nawy + ROA, Banque Misr + National Bank of Egypt, NowPay + United International Holding Company, Target HR + ManpowerGroup
The project is set to be the first factory of its kind in the country to locally produce circuit breakers…
El Zahy Group secures EGP 4.2 bn syndicated loan
El Zahy Group secures EGP 4.2 bn in financing: Local construction player El Zahy Group inked a syndicated loan agreement…
Banque Misr concludes Egypt’s first ever public sector online real estate auction with Belmazad
The bank plans to leverage the platform’s current system and know-how to scale digital auctioning to the national level
Fitch upgrades four Egyptian banks’ credit ratings to B on the back of sovereign credit improvements
Fitch cited improved FX liquidity and a significant jump in net foreign assets
Kouchouk lays out plan for ensuring economic stability. PLUS: News from Fincart, CI Capital, Sport Ministry
PLUS- Egypt’s debt-to-GDP ratio dropped to 89.6% in June 2024
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