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The coronavirus is fuelling a stock buyback boom in Egypt
The coronavirus is fuelling a stock buyback boom in Egypt: Since March, EGX-listed companies have been buying back their own…
Egyptian consumer finance firm Sarwa looks to set up transferable value fund
Sarwa Capital filed with the Financial Regulatory Authority (FRA) to set up a “transferable value” fund, a new type of…
CIB gets USD 100 mn in tier 2 capital from UK investment group CDC
DEBT WATCH- UK’s CDC provides CIB with USD 100 mn in tier 2 capital: Leading private sector bank CIB has…
Your top 5 pieces of business and economic news in May
Your top 5 pieces of business and economic news in June: IMF
Edita’s Morocco arm obtains USD 8.2 mn loan to fund new facility
Edita Food Industries’ Morocco-based subsidiary has acquired a MAD 80 mn (c. USD 8.24 mm) from the Arab Bank’s branch…
Central Bank of Egypt to hedge against loans to larger firms
CBE Credit Guarantee Company will guarantee loans by banks under EGP 100 bn stimulus program: The Central Bank of Egypt…
FRA tightens prudential regulations on consumer finance companies
REGULATION WATCH- The FRA has set new solvency standards for consumer finance companies in a bit to curb concentration risk…
Samcrete looks to borrow EGP 1.7 bn from local banks to work on new cities
Conglomerate Samcrete is in talks with two local banks to arrange a EGP 1.7 bn loan to finance its work…
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