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What we’re tracking on 21 February 2019
Turkey-style migration agreement with the EU takes a step forward next week: The EU-Arab League summit is set to take…
Finance
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Finance
CIB to arrange USD 80 mn loan to Qalaa’s ERC
CIB is arranging a USD 80 mn loan to Qalaa Holdings’ Egyptian Refining Company (ERC) with a tenor of one…
NBE to loan out EGP 6 bn by June, EGP 600 mn for natgas projects
The National Bank of Egypt (NBE) is planning to loan out EGP 6 bn to its retail customers by June,…
Final contracts for Egypt’s Hamrawein coal project to be signed mid-2019
Final contracts for Hamrawein ‘clean coal’ project to be signed mid-2019: The Chinese company constructing the 6 GW Hamrawein ‘clean…
Banks follow Central Bank of Egypt’s lead with interest rate cuts
Major state-owned banks followed the CBE’s lead by cutting interest rates on their changing-yield certificates of deposit (CDs) but left…
Egypt’s FRA rejects Veon appeal against GTH capital increase voting rights
The FRA has rejected an appeal against its decision to suspend Global Telecom Holding’s (GTH) majority shareholder Veon Holding from…
IMF keen to support Egypt’s social safety programs, Azour says
The International Monetary Fund (IMF) is keen on supporting Egypt’s social safety programs, Middle East and Central Asia Director Jihad…
FinMin completes draft law on Egypt’s new tax procedures, electronic filing system
LEGISLATION WATCH- FinMin completes draft law on new tax procedures, electronic tax filing: The Finance Ministry has finished drafting proposed…
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