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ACC to restructure outstanding loans through new syndicated loan
Cement supplier Arabian Cement Company (ACC) is receiving a syndicated loan from the European Bank for Reconstruction and Development and…
Madbouly appoints Ahmed El Sheikh as EGX deputy chief
MOVES- Prime Minister Moustafa Madbouly has appointed Ahmed El Sheikh as deputy chairman of the EGX, according to a Cabinet…
Egypt’s CBE extends loan grace period for Sinai tourism investors by one year
CBE Governor Tarek Amer has granted a one-year extension to the grace period for outstanding loans South Sinai tourism investors…
Investment banks to win big as economies converge
The world’s booming middle class population is a potential diamond mine for asset management firms, Chris Flood writes in special…
Halan raises multi-mn Series A round from Algebra Ventures and Battery Road Digital
Tuk-tuk and motorcycle ride-hailing app Halan raised mns in a series ‘A’ round from a group of investors, including our…
EGX guideline on new trading measures and reforms
EGX touts regulatory reforms: The EGX released an infographic listing the 13 measures and reforms (pdf) enacted since September 2017…
Digesting the change in how customs are calculated on non-essential goods: Car prices are up, interest rate cuts could be postponed
Car prices are up and analysts suggest interest rate cuts could be postponed as nation digests the change in how…
Orascom Investment approves USD 170 mn loan from Afreximbank
Orascom Investment Holding’s board of directors has approved a USD 170 mn facility from the African Export-Import Bank (Afreximbank), it…
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