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Heliopolis Housing aims to reduce debt by 50% in coming fiscal year
Real estate developer Heliopolis Housing is looking to reduce its debt by 50%, grow revenues to more than EGP 3.1…
NUCA agrees with Egyptian banks on EGP 6 bn loan
The New Urban Communities Authority (NUCA) has agreed with a banking consortium on a EGP 6 bn loan to meet…
Government to set cost-to-income ratio at 70% under new banks tax treatment
EXCLUSIVE- Gov’t to set cost-to-income ratio at 70% under new bank tax treatment of investments in treasuries, plans to scrap…
World Bank gives final approval for USD 200 mn SME loan
The World Bank has given final approval to a USD 200 mn loan to support entrepreneurship and SMEs in Egypt,…
Financing gap to increase to EGP 820 bn in FY2019-20
EXCLUSIVE- Egypt’s financing gap is expected to widen to EGP 820 bn in FY2019-20: The Finance Ministry expects the budget…
Moody’s upgrades Egypt’s credit rating to B2 with stable outlook
Moody’s has upgraded Egypt’s credit rating to B2 with a stable outlook from B3 with a positive outlook, the ratings…
Vulture funds eyeing Venezuela hope to score big wins from crisis
The vultures are circling around Venezuela: Hedge funds in Venezuela are looking to mimic what their peers did in Argentina…
Egyptian securities to be Euroclearable in six months’ time
Egypt eyes “euroclearable” sovereign debt issuance in September: The government is looking to announce a sovereign debt issuance that can…
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