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Gov’t greenlights EGP 120 bn subsidized loan program to support industry and agriculture
The 15% interest rate charged is nearly half the central bank's post-float 28.25% lending rate
Industry players are hoping for a fresh gov’t support package after the EGP float
Any fresh financing initiative for industry would likely see interest rates 20% higher than the last 11% package
THIS EVENING: Valu closes EGP 888 mn securitized bond issuance
Good afternoon, ladies and gentlemen, and welcome to a very rainy start to the business week here in Om El…
Banks’ capital adequacy ratio saw a minor decline in 2023
Non-performing loans to total loans edged down to 3% at the end of 2023 from 3.4% a year earlier
Mahmoud Mohieldin shares regional and global outlook at EFG Hermes’ One-on-One conference
Mohieldin sees the “center of economic gravity” shifting towards the East, though challenges for emerging markets persist
Contact to expand in Saudi in 2025. PLUS: News from B Investments, Talaat Moustafa Group, ADIB, Mashreq, Madinet Masr, Idea Verde, Azimut
The investment will fund Basata’s regional expansion plans
Shift EV eyes larger 50k annual capacity factory. PLUS: GB Auto Jordan expansion, El Gouna solar power, oil and gas news, debt news, regulations news, NBE earnings
The home-grown startup is also considering setting up shop abroad, with an eye on Southern Europe and the GCC
BP has USD 1.5 bn of investments in the pipeline for Egypt. PLUS: TAQA eyes offshore expansion, USD 1.5 bn ITFC top-up, EFG Corps-Solutions to provide EGP 10 bn financing, GoBus launches KSA arm
BP could also invest an additional USD 5 bn over the coming years
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