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Moody’s estimates Egypt’s economic growth to slow below 3% in FY2020/21
Moody’s said on Monday it estimates Egypt’s economic growth to slow below 3 percent in the financial year…
Moody’s affirms Egypt’s B2 rating with stable outlook
Moody's has affirmed on Monday Egypt’s long-term foreign and local currency issuer ratings at B2, with an outlook…
IMF approves $2.772 billion in emergency support to Egypt to address coronavirus
The executive board of the International Monetary Fund (IMF) has approved on Monday a $2.772 billion worth of…
Banque du Caire signs $100 million loan deal with EIB to finance SMEs
Egypt’s state-run bank, Banque du Caire (BDC) announced on Monday it had signed a $100 million loan agreement with…
Egypt’s Evergrow targets less than planned exports of $220 mln in 2020 due to…
Egyptian fertilizer company Evergrow has downgraded its exports target to $220 million down from $280 million as…
Wearing face masks obligatory in banks amid coronavirus crisis: Federation of Egyptian…
The Federation of Egyptian Banks (FEB) has issued on Monday directives to all Egypt-based banks to oblige all their…
Egypt launches initiative to offer loans of 5% to tourism businesses
Egypt is launching a new initiative to support tourism and hospitality sectors in face of the repercussions of the…
Egypt’s Hassan Allam remains buoyant, eyes expansion
Egypt's state-run construction firm, Hassan Allam remains in a buoyant mood, despite the coronavirus (COVID-19)…
Banque Misr approves EGP 1 billion loan for Sawiris’ ZED flagship
Egypt’s Banque Misr has approved on Sunday a 1 billion Egyptian pound ($63.5 million) loan in favour of Naguib…
40% of staff test positive for coronavirus at Cairo hospital – official
Around 40 percent of the hospital staff who have undergone tests for the coronavirus at Cairo's Al-Zahraa…