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NBE, QNB, BM consortium to arrange loan for Egypt’s Abu Qir Fertilizers
A banking consortium comprised of the National Bank of Egypt, QNB Al Ahli, and Banque Misr has pledged to arrange…
Finance
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Earnings watch: Egypt’s QNB Al Ahli reports net profit of EGP 7.2 bn in FY 2018
EARNINGS WATCH- QNB Al Ahli reported a net profit of EGP 7.20 bn in FY2018, up 30% y-o-y from EGP…
HSBC Egypt tops Euromoney’s list of top local trade finance providers
HSBC Egypt was voted the top provider of trade finance services, according to Euromoney’s Trade Finance Survey 2019 results. Businesses…
What we’re tracking this week and beyond
Our friends at AmCham will be hosting ICT Minister Amr Talaat for its monthly luncheon on Sunday, 20 January. You…
EGP 2.4 bn expected increase in staples subsidies in 2018/2019 fiscal year
Gov’t spending on subsidies looks set to exceed budget targets: Subsidies for staple items are expected to exceed the FY2018-19…
Finance Ministry mulling alternative solutions to overdue export subsidy funds
FinMin looks at alternative ways to disburse delayed export subsidies: The Finance Ministry is looking at different ways to pay…
NUCA to receive EGP 20 bn syndicated loan, to issue EGP 10 bn-worth of bonds
The New Urban Communities Authority (NUCA) is set to sign a EGP 20 bn syndicated loan agreement with local banks…
EBRD preliminarily agrees to lend EUR 400 mn to Egypt’s Damietta Port Authority
The European Bank for Reconstruction and Development (EBRD) has agreed in principle to lend EUR 400 mn to the Damietta…
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