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What we’re tracking on 10 December 2020
Good morning, friends. We made it through another week together. There are just 21 days left in 2020, if you…
Suez for Methanol Derivatives is looking for EGP 1.3 bn loan for Damietta plant
Suez Methanol Derivatives Company is looking to secure a EGP 1.3 bn loan for its new plant Damietta, Al Mal…
Who’s in the market for debt? Redcon Construction + MSMEDA
Redcon Construction has signed a EGP 625 mn syndicated loan agreement with the National Bank of Egypt and Qatar National…
Loan loss provisions hit bank profits in1H2020
Egyptian banks’ profits shrank by 20% in 1H2020 to an aggregate EGP 50.05 bn in comparison with EGP 62.49 bn…
Empower Egypt looks to produce fertilizer, energy from sugar beet waste
Waste-to-energy company Empower is close to signing agreements worth a combined EGP 350 mn with three unnamed sugar beet processing…
Earnings Watch: QNB Al Ahli’s net profits fell 9% in 1H2020
EARNINGS WATCH- QNB Al Ahli’s net profits fell 9% y-o-y in 1H2020 to EGP 3.8 bn, according to an earnings…
Egyptian banks dole out EGP 69 bn from CBE’s EGP 100 bn subsidized loan initiative
Banks dole out EGP 69 bn to local industry under CBE’s EGP 100 bn subsidized loan initiative: Egyptian banks —…
EBRD may increase financing to Egyptian banks to USD 1 bn -sources
EBRD may boost financing to Egyptian banks by USD 150 mn -sources: The European Bank for Reconstruction and Development (EBRD)…
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