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THIS EVENING: CBE floats the EGP, goes for 600 bps rate hike
Bankers, diplomats say the float is real. CBE directs banks to start easing credit card and other foreign-exchange restrictions
Net foreign liabilities hit record high in January for second consecutive month
Net foreign asset deficit at commercial banks widened to USD 17.6 bn from USD 16.2 bn
CBE issues tighter regulations for financial leasing firms. PLUS: Hassan Allam + Sumou Holding JV, Magic Land Al Hokair, EGP 1.1 bn entertainment project, China hands over satellite center, EGP 1 bn auto assembly plant
The total credit facilities and investments made in the securitization portfolios of leasing companies should not exceed 5% of the…
THIS EVENING: ADQ pays up the first chunk of its investment for Ras El Hekma development rights
Good afternoon, folks, and happy almost-Thursday. As we move towards the end of the week, the news cycle is staying…
Qatar Islamic Bank, Kuwait Finance House wrap up due diligence on United Bank
The sale could reportedly reel in the USD equivalent of EGP 22 bn
THIS EVENING: QIB, KFH conclude their due diligence on United Bank
Good afternoon, ladies and gentlemen, and happy hump day. The news cycle is beginning to gain traction as we steamroll…
As interest rates remain elevated, industry players are struggling to unlock capex investments
Banks are also reportedly concerned about risk levels associated with funding manufacturers
10 things to watch for (or questions to ask) as we wait for the CBE to act
Be ready to adopt a “wait and see” approach for a week or two
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