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CIB participates with EGP225mmln in Raya’s 2nd securitized bond offering
Egypt's Commercial International Bank (CIB), the largest private bank in the country, has pumped a total amount of…
Raya closes EGP 562 mn securitized bond second offering
Raya Holding closes 562 million Egptian pound securitized bond sale with a weighted average yield of 10.78 percent…
Egypt’s Parliment passes long awaited new Banking and Central Bank Act
The House of Representatives approved the new banking law that gives the CBE more independence and allows it to set…
Evergrow to receive EGP360 bln finances from a Gulf banking consortium in August
Egyptian fertilizer company Evergrow is seeking to complete the procedures of receiving 360 Egyptian pounds from a…
Egypt pays EGP 6bn overdue subsidies in FY19/20 as part of export support programme
Egypt disbursed 6 billion Egyptian pounds worth of overdue export subsidies to 1,667 companies during fiscal year…
Egypt issues new procedures for public financial payments – ministry
Egypt’s Finance Ministry said it has banned the state’s administrative bodies from making bilateral deals or…
CBE orders banks to clarify measures to unblock assets frozen due to tax disputes
The Central Bank of Egypt (CBE) issues circular to banks to clarify measures to unblock assets frozen due to tax…
Ibnsina Pharma to establish new healthcare investment firm, considers several investment…
Ibnsina Pharma (ISPH) is set to establish a new company for investment in different unnamed pharma manufacturing…
Egypt first country to receive Uber’s intercity bus service in
Uber announced the launch of its first ever intercity bus service in Egypt with roundtrip routes between Cairo and…
Egypt, WB discuss project to manage air pollution in Greater Cairo
Egypt discussed with World Bank a $200 million project aim to limit the pollution problem and implement plans to…