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Enterprise Explains: Sukuk
Enterprise Explains: Sukuk. Consumer- and structured-finance player Sarwa Capital recently closed Egypt’s second corporate sukuk issuance since the debt instrument…
Central bank extends PoS drive
The Central Bank of Egypt is pushing ahead with a plan to have 1 mn point of sale machines in…
Tourism companies, workers get another helping hand
The tourism industry will continue to get a helping hand from the Central Bank of Egypt (CBE) after the bank…
EUR 1 bn Egypt-Sudan railway could get a leg up from Kuwait Fund
The Kuwait Fund for Arab Economic Development could be on board to fund the 900-km railway linking Egypt and Sudan,…
Banks still face “heightened” medium-term threats thanks to covid –Fitch
Covid is the gift that keeps on giving for Egyptian banks, which will remain exposed to “heightened” medium-term threats, Fitch…
EFG Hermes tops Egypt’s brokerage league table in November
EFG Hermes topped the EGX’s brokerage league table in November with a market share of 17.4%, according to EGX figures…
HDB 9M NP down 4%, Al Ezz Dekheila Steel losses grow
The Housing and Development Bank’s (HDB) consolidated NP fell 3.3% y-o-y in 9M2020, to EGP 1.66 bn from EGP 1.71…
Banque du Caire 9M profits down 16%, revenues climb
Banque du Caire (BdC) generated a net profit of EGP 2.5 bn during 9M2020, down 16% from EGP 3 bn…
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