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EGPC to borrow USD 650 mn to buy petroleum products
The Egyptian General Petroleum Corporation will take out a USD 650 mn loan from the International Islamic Trade Finance Corporation…
FRA green-lights plans to set up regional organization to promote green finance
Finance industry regulator gives okay to regional green investment group: The Financial Regulatory Authority (FRA) approved yesterday a proposal to…
Azimut to set up Egypt-focused equity fund before end of 2019
Azimut to set up Egypt-focused equity fund: Italy-based asset manager Azimut Group has completed the procedures to establish a fund…
FRA grants Elite Financial first financial advisor license since introducing new regs
The Financial Regulatory Authority has granted Elite Financial Consultancy the first license as an independent financial advisor since introducing new…
ELAB to obtain EGP 1 bn syndicated loan led by the National Bank of Egypt
The National Bank of Egypt (NBE) is acting as lead arranger for a EGP 1 bn, seven-year syndicated loan for…
National Bank of Egypt, QNB provide EGP 1.7 bn loan to Redcon Construction
The National Bank of Egypt (NBE) and Qatar National Bank are providing a EGP 1.7 bn syndicated loan to Redcon…
Egypt’s cabinet approves new Banking and Central Bank Act
LEGISLATION WATCH- Cabinet greenlights Banking Act: The Madbouly Cabinet has approved in its weekly meeting a 242-article final draft of…
SAIB leading group of Egyptian banks to arrange EGP 1 bn loan for Dorra Real Estate
SAIB Bank is in talks with a number of unnamed local banks to arrange a EGP 1 bn syndicated loan…
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