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Central Bank of Egypt to repay USD 400 mn to AfreximBank in June -source
The central bank will make a USD 400 mn payment to the African Export- Import Bank (AfreximBank) in June, a…
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Cairo 3A seeks EGP 3.4 bn loan for expansions
Agricultural commodity trader and manufacturer Cairo 3A is in talks with the National Banque of Egypt, Banque Misr, CIB, and…
MENA banks are in for another difficult year
S&P expects Egyptian banks to lead the wider MENA region in loan growth this year despite sky-high interest rates. The…
Government shows big appetite for Egypt’s T-bills as yields fall
Government T-bill yields go the way of bonds: Meanwhile, it appears that yields on government bills are following bonds downwards.…
Tax Authority to mark “cost of investment” as deductible in new banking tax treatment
EXCLUSIVE- Tax Authority to mark “cost of investment” in treasuries as deductible in new tax treatment: The Tax Authority could…
What we’re tracking on 20 January 2019
It looks like we’re going to have a short work week: Thursday will be a day off for the public…
House passes Chinese loan for high-speed electric railway to Egypt’s new capital
The House of Representatives has approved a c.USD 680 mn loan from China to develop a high-speed electric railway line…
Cabinet approves proposed amendments to Egypt’s Competition Act
CABINET WATCH- The Madbouly Cabinet approved yesterday proposed amendments to the Competition Act (or Antitrust Act) that are meant to…
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