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CBE reportedly fines FABMisr and other banks over loan violations
Good afternoon, friends, and welcome to the homestretch. It’s a calm day in the press, with few but impactful headlines…
Ownership shakeup at Coca-Cola Beverages Africa
PLUS- The Egyptian Anode Blocks Company’s Ain Sokhna plant kicked off trial operations following the completion of the first phase…
Gov’t raises its local debt target for October to EGP 845 bn
The increase was driven by strong investor appetite for treasury bills and bonds
CBE raises rates on subsidized mortgage initiatives for low- and mid-income borrowers
The new rates apply to fresh loans starting 15 October
More cement production licenses incoming?
PLUS- CIB is planning to apply for a digital banking license early next year
Current account deficit narrows to USD 15.4 bn in FY 2024-25
The non-oil trade deficit widened to USD 37.1 bn during the fiscal year
Foreign reserves increase to USD 49.5 bn in September
PLUS- Amseo Medical Industries plans to invest EGP 1.2 bn by the end of this year to expand production
Net foreign assets dip to USD 17.9 bn in August
Commercial banks saw their net foreign assets’ surplus narrowing to USD 7.3 bn in August, from USD 10.0 bn a…
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