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Banks may face more pressure in the coming fiscal year
Egyptian banks could see their interest income squeezed during the coming state fiscal year due to lower interest rates and…
State banks get plenty of funding from global lenders
Banque du Caire (BdC) signed a financing agreement worth USD 200 mn with the African Export-Import Bank (Afreximbank), chairman and…
Gov’t wants to expand natgas transition plan
The Finance Ministry could expand its automotive natgas transition scheme to allow more vehicle owners and more governorates to participate,…
EFG Hermes’ Awad on forays into merchant banking, foreign expansion of NBFS arm, and what’s next for the debt market. — part 2 of 2
Part two of our exclusive with EFG Hermes Group CEO Karim Awad continues this afternoon with a look at what’s…
EFG Hermes’ Awad on the AIB acquisition, taking his franchise outside Egypt, and what will bring foreign investors back to the market — part 1 of 2
Few transactions have been as closely followed in Egypt’s banking and finance industries as has EFG Hermes’ acquisition of a…
TONIGHT: Gaza crisis resolution; Blinken ME tour to land in Cairo; RyanAir hijacking causes consternation; SPAC party hits EU; BTC meltdown continues
After a slow morning, we’re getting a flood of stories running the gamut of investment, to Egypt macro trends to…
Fawry sees bottom line surge in 1Q2021
The EGX30 rose 0.75% at today’s close on turnover of EGP 1.29 bn (2.2% above the 90-day average). Foreign investors…
More leasing, please.
GlobalCorp Financial Services is in talks with seven banks to borrow at least EGP 1.4 bn to back its leasing…
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