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Gov’t greenlights EGP 120 bn subsidized loan program to support industry and agriculture
The 15% interest rate charged is nearly half the central bank's post-float 28.25% lending rate
THIS EVENING: Madbouly greenlights new EGP 120 bn program to subsidize loans financing for industrial and agricultural production.
Good afternoon, folks and happy Sunday. Welcome to the last full week of Ramadan which is still busy with news…
EFG Holding plans to expand its KSA team by one-third this year
EFG Holding wants to boost its market share in the kingdom either at brokerage or investment banking
EFG Finance is launching a new subsidiary to finance SMEs
The new venture will allow EFG Finance to bridge a gap in its product offerings
BP has USD 1.5 bn of investments in the pipeline for Egypt. PLUS: TAQA eyes offshore expansion, USD 1.5 bn ITFC top-up, EFG Corps-Solutions to provide EGP 10 bn financing, GoBus launches KSA arm
BP could also invest an additional USD 5 bn over the coming years
Soda ash cash
The government’s soda ash project is still a go: The state-ownedcompany leading a project to build a soda ash complex…
Fawry confirms data breach after hack of its testing environment; leaked data isn’t sufficient for hackers to run a transaction
Fawry CEO Ashraf Sabry says users need to be vigilant against social engineering attacks
CI Capital revenues nearly double in 1H 2023
The group’s loan book reached a record high of EGP 20 bn during the six-month period
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