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Palm Hills to borrow EGP 2.5 bn for New Cairo project
A Palm Hills Development (PHD) subsidiary will borrow EGP 2.5 bn from Banque Misr and the National Bank of Egypt…
Egyptian banks launch EGP 1 bn fintech fund
State-owned banks launch EGP 1 bn+ fintech fund: Several state-owned banks will next month join forces to launch a fund…
CIB to represent Africa on UN’s Net-Zero Banking Alliance steering group
CIB will represent Africa on the steering committee of the UN’s Net-Zero BankingAlliance, a group of 55 financial institutions set…
CIRA to borrow EGP 260 mn to fund capex
CIRA will borrow EGP 260 mn from an undisclosed Egyptian bank to fund upcoming projects, it announced in a bourse…
Construction firm bags EGP 12 bn loan to finance Abu Qir port development
Construction outfit Gharably Integrated Engineering Company (GIECO) is set to receive a huge loan to develop the Abu Qir port,…
SPMD threatens legal action in response to allegations of market manipulation
Speed Medical responds: Speed Medical issued a statement (pdf) threatening to take legal action for possible defamation against any media…
NBE, Banque Misr arrange EGP 3 bn for two state-run aviation firms
The National Bank of Egypt and Banque Misr have arranged EGP 3 bn-worth of syndicated loans for two airports: Lead…
Also on our Radar: Alstom finishes automated rail signalling outside Assiut
Other things we’re keeping an eye on this morning: French rail manufacturer Alstom has installed (pdf) an automated signalling system…
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