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Money
Four Egyptian banks back SODIC unit’s first securitisation bond issuance
A banking consortium has supported SODIC’s latest securitisation bond programme with a total investment of 343…
EBRD approves €25 million loan for Egypt’s dry port project
The European Bank for Reconstruction and Development (EBRD) approved on Tuesday a €25 million ($29.6 million) loan…
Renaissance Capital sees Egypt’s economy growing 4.5-5% in Q2
Egypt’s economy is expected to grow between 4.5 percent and 5 percent in the second quarter of 2021 and will…
Egypt’s Banque Misr mulls committing EGP20.8 billion in joint lending
Banque Misr, Egypt’s second largest bank, is studying committing 20.8 billion Egyptian pounds ($1.3 billion) in…
Egypt’s SODIC unit closes its first EGP 343 million securitisation bond issuance
Egypt’s property developer SODIC announced on Tuesday that it had closed its first securitisation bond issuance…
Egypt’s economy seen growing in FY2021/22 as rebound continues – Reuters poll
Egypt’s economy is expected to grow 5.0 percent in the financial year 2021-2022 that ends in June next year, a…
Egypt’s holdings of U.S. treasuries hit $2.2 billion in May
Egypt’s buying of U.S. treasuries recorded $2.2 billion at the end of May, recent data by the U.S. Department of…
IMF: Egypt’s FDI to grow in the coming four years
Egypt’s foreign direct investment (FDI) could see growing in each of the coming four years, the International…
Germany’s KfW bank provides Egypt with €41 million to support education sector
German state-run KfW Development Bank has provided Egypt with financing worth up to €41 million ($48.4 million) to…
Bahrain’s Bank ABC submits offer to acquire 100% of BLOM Bank Egypt
Bahrain’s Arab Banking Corporation (Bank ABC) announced on Sunday it had submitted a mandatory tender offer (MTO)…