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PM vows to resolve issue of overdue export subsidy payments
PM vows to end delays in payment of export subsidies: Prime Minister Moustafa Madbouly has vowed to resolve the issue…
Banque Misr expects AfreximBank to agree USD 550 mn loan soon
Banque Misr will sign an agreement to borrow USD 550 mn from the African Export-Import Bank (AfreximBank) “within weeks,” Banque…
House ratifies Egypt-Cyprus pipeline agreement, other recent agreements
LEGISLATION WATCH- House ratifies Egypt-Cyprus pipeline agreement: The House of Representatives’ Legislative Committee approved yesterday the Egypt-Cyprus agreement to establish…
Egyptian gov’t retracts oil hedging contracts as crude falls short of budget forecast
EXCLUSIVE- Gov’t walks away from fuel hedging plan as oil price plunge sees crude trading below budget prediction: The Finance…
Consortium to provide EGPC with USD 750 mn loan for arrears
A Mashreq Bank-First Abu Dhabi Bank-HSBC consortium is arranging a USD 750 mn, five-year loan for the Egyptian General Petroleum…
Cabinet likes amended Customs Act, Egypt to receive EUR 148 mn from EBRD
CABINET WATCH- Cabinet gives preliminary nod to Customs Act amendments: The Madbouly Cabinet has approved “in principle” amendments to the…
Average yields on Egypt T-bills stable after termination of repatriation mechanism
Average yields on Egyptian treasury bills were stable on Thursday, the first auction after the country scrapped the repatriation mechanism.…
EBRD extends USD 50 mn to AAIB for Egypt exporters, importers
The European Bank for Reconstruction and Development (EBRD) has extended a USD 50 mn facility to the Arab African International…
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