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NBE postpones issuing USD-denominated bonds
The National Bank of Egypt (NBE) is postponing a plan to issue USD-denominated bonds on the international market. The state-owned…
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CIB approves Tier 2 capital loan of up to USD 300 mn
CIB board approves EGP 0.50 per share dividend, will seek USD 300 mn facility to augment tier two capital. The…
Banque du Caire gets wheels moving on its IPO
Banque du Caire has informed the EGX of its desire to list 562.5 mn shares at a par value of…
Finance Ministry finishes VAT executive regulations
The Finance Ministry has finished drafting the long-awaited executive regulations for the value-added tax and a draft of the document…
Central bank receives eurobond proceeds, issuance signals trust in Egypt’s reforms
The Central Bank of Egypt netted USD 4 bn on Tuesday as it collected the proceeds from the eurobond issuance…
Earnings season in America dominates international business headlines
It’s earnings season in America, with top global names reporting yesterday including Apple and Under Armour. The season in Egypt…
Trump taps conservative Supreme Court nominee
US President Donald Trump tapped last night a “not divisive” conservative to fill a Supreme Court vacancy left last year…
FT’s Global MBA Ranking for 2017
The Financial Times’ Global MBA ranking for 2017 is out. Insead tops the ranking for the second year in a…
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