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Cabinet lays claim to portion of private accounts, government agencies’ surplus to plug budget gap
CABINET WATCH- Thursday’s meeting of the Madbouly cabinet was particularly packed. Among the highlights: Going after slush funds: The state…
CIB sets record straight on alleged fraud case
CIB sets the record straight on alleged fraud case: Our friends at CIB put out a statement over the weekend…
Oil Ministry looks to reduce fuel imports ot 12% of total energy imports by 2021
The Oil Ministry is looking to reduce fuel imports to 12% of total energy imports by 2021, down from a…
EGPC taps HSBC to arrange USD 1 bn syndicated loan
The EGPC has reportedly tapped HSBC to arrange a USD 1 bn syndicated facility, banking sources told Reuters over the…
EFG Hermes enters frontier markets with ASAI’s GBP 125 mn IPO
EFG Hermes concludes advisory on GBP 125 mn London Stock Exchange IPO of world’s largest microfinance lender: Our friends at…
Local banks stand to benefit from central bank’s hold on key interest rates
Local banks stand to benefit from the central bank’s hold on interest rates, Beltone Financial bank analyst Nancy Fahmy told…
IMF releases third review of Egypt’s reform program
The IMF released on Thursday its third review of Egypt’s economic reform program, praising it for having “played a key…
Foreign institutions have pledged nearly USD 3bn in fresh(ish) financing
EXCLUSIVE- Maait will get a bit of help from foreign institutions that have pledged nearly USD 3bn in fresh(ish) financing:…
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