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Financing gap to increase to EGP 820 bn in FY2019-20
EXCLUSIVE- Egypt’s financing gap is expected to widen to EGP 820 bn in FY2019-20: The Finance Ministry expects the budget…
Moody’s upgrades Egypt’s credit rating to B2 with stable outlook
Moody’s has upgraded Egypt’s credit rating to B2 with a stable outlook from B3 with a positive outlook, the ratings…
Legal 500 publishes 2019 rankings
The Legal 500 directory has released its 2019 rankings of Egypt’s top firms. The publisher says the rankings are based…
Alhokair looks to raise USD 1 bn in IPO of its malls unit
IPO WATCH- Alhokair malls unit IPO is back on Fawaz Alhokair Group is gearing up for a USD 1 bn…
CIRA reports 47% y-o-y growth in net profits in first half of its fiscal year
EARNINGS WATCH- Cairo for Real Estate and Investment (CIRA) reported a 47% y-o-y increase in net profit to EGP 167.1…
CBE agrees to lower interest rates for middle-income housing
CBE to renew mortgage financing program for middle-income homeowners: The Central Bank of Egypt (CBE) has agreed to a proposal…
House approves amendment on non-banking financial markets monitoring law
LEGISLATION WATCH- Parliament approves amendment giving treasury big chunk of FRA proceeds: The House of Representatives gave its final approval…
Preliminary figures show GDP growth at 5.6% in 1H2018-19
Egypt’s GDP grew 5.6% in 1H2018-19, up from 5.3% during the same period last year, according to preliminary Planning Ministry…
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