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Money
Fitch: Egyptian banks’ credit risks ease on improving economy, better operating…
Fitch Ratings said on Tuesday that pressures on Egyptian banks’ credit profiles and viability ratings have eased on…
IFC invests $100 million in Egypt’s first private sector green bond
The International Finance Corporation (IFC), a World Bank member, announced on Wednesday it is investing $100…
Egypt’s Banque Misr mulls new Islamic lending for corporates
Banque Misr, Egypt’s second largest bank, is studying new sharia-compliant credit facilities worth up to 14.2…
National Bank of Egypt Q1 net profit jumps 161.6%
The National Bank of Egypt (NBE), the country’s largest public lender, reported on Tuesday a 161.6 percent…
Egypt’s non-oil private sector activity falls, but job creation rates pick up – PMI
Egypt’s non-oil private sector activity saw weaker conditions in July as output and new orders receded, a survey…
Beltone Financial: Egypt sees $4-5 billion inflows into bond market in H2
Egypt is expecting a range of $4 billion to $5 billion of inflows into the bond market in the second half of the…
Egypt targeting economic growth of 5.4-5.6% in FY2021-22 – minister
Egypt is targeting economic growth of 5.4-5.6 percent in the financial year that ends in June next year, its…
Moody’s affirms GIG Egypt’s Ba2 rating, stable outlook – official
Moody’s Investors Service has affirmed the Ba2 insurance financial strength rating (IFSR) of GIG Insurance - Egypt…
Egypt’s SOLID Capital to launch $250 million fund before year-end
Cairo-based investment firm SOLID Capital, member of Dutch venture capital firm Solid Capital Group, plans to…
Czech Export Bank earmarks $300 million for new investments in Egyptian market
The state-run Czech Export Bank has earmarked $300 million for new projects in the Egyptian market, Czech Minister…