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National Bank of Egypt dishes out EGP 27 bn of loans to factories under CBE initiative
NBE dishes out EGP 27 bn of loans to factories under CBE’s local industry initiative: The National Bank of Egypt…
Egypt seeks financial support from the IMF
It’s official: We’re asking the IMF for fresh funding: The government has asked the International Monetary Fund for a one-year…
Egyptian banks' profits jumped by 18% to EGP 83.1 bn by the end of 2019
Egyptian banks' net profits jumped 18% y-o-y to EGP 83.1 bn by the end of 2019, theCentral Bank of Egypt…
Raya aims to reissue EGP 700 mn in securitized bonds
DEBT WATCH- Raya looks to re-issue asset-backed securities with lower interest following CBE cuts: Raya Holding is looking to recover…
Egyptian economy to grow 3.5% in FY2020-2021 –Reuters poll
Egyptian economy to grow 3.5% in FY2020-2021 –Reuters poll: Egypt’s economy will grow at a 3.5% clip in FY2020-2021, down…
What we’re tracking on 23 April 2020
Ramadan Kareem, everybody. Dar Al Iftaa confirmed last night that Friday is the first day of the holy month, meaning…
Egypt’s remittances rise 33% y-o-y in January and February
Remittances from Egyptians abroad for January and February rose by a third y-o-y to USD 5.2 bn, up from USD…
House looks to resurrect tithe on bank profits to support industry fund; separate levy would create emergency bailout fund
LEGISLATION WATCH- Remember that proposed tithe on bank profits to endow an industry development fund? Legislators want to resurrect it.…
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