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What we’re tracking on 16 September 2019
It was your standard Sunday yesterday, folks,with the news slowing down to a snail’s pace in both the local and…
Finance
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Finance
Gov’t begins to roll out Meeza debit cards
The Finance Ministry began distributing almost 5 mn “Meeza” debit cards to public sector workers at the beginning of September…
AUB agrees to loan United Real Estate subsidiary EGP 250 mn
An Egypt-based subsidiary of Kuwait’s United Real Estate Company signed on Monday a five-year, EGP 250 mn loan with Ahli…
Sarwa close to concluding EGP 5 bn in securitized bond issuances
Consumer and structured-finance player Sarwa Capital is close to concluding two issuances of securitized bonds worth EGP 5 bn, Ayman…
Food producers move towards e-payments amid push for financial inclusion
Food producers have begun collecting their payments from retailers electronically through apps such as Fawry, Farm Frites General Manager Ahmed…
El Sewedy Capital plans expansion of non-banking financial services
El Sewedy Capital is looking to add financial leasing and microfinancing to its non-banking financial services, and establish an insurance…
Palm Hills to issue EGP 300 mn of securitization bonds
Palm Hills is planning to issue around EGP 300 mn of securitization bonds to pay off part of its debts…
Most Suez Canal certificate holders reinvest returns, Egyptian banks say
Most holders of Suez Canal certificates of deposit (CDs) reinvested their returns into other savings products after the CDs matured…
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