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SANAD provides first Tier II capital in Egypt to Banque du Caire
Germany’s SANAD Fund for MSMEs has provided its first Tier II capital investment in Egypt to long-standing partner…
Bechtel eyes a master contract for Cairo’s sixth Metro line – minister
Egypt is rushing ahead with plans for an expansion of its metro and railway networks and will sign soon agreement…
Egypt’s current account deficit jumps in April-June
Egypt’s current account deficit mushroomed in the April-June quarter to $3.83 billion from $1.09 billion a year…
France’s AXA to sell Gulf operations to GIG for $269 million
AXA, Europe’s second biggest insurer, announced on Monday it has agreed to sell its insurance operations in the…
Germany approves €80 million grant to Egypt as part of debt swap deal
Germany’s parliament has approved to provide Egypt with €80 million ($96 million) worth of the third tranche for…
Egypt sees economic growth between 2.8-4% in FY2021/22 – minister
Egypt is expecting an estimated rate of economic growth ranging between 2.8 and 4 percent in the financial year…
Emirates NBD Egypt pre-tax profits at EGP 1.338 billion in 9 months
Emirates NBD Egypt said on Sunday its profits before tax reached around 1.338 billion Egyptian pounds ($85.5…
Palm Hills closes its 5th EGP1.5bln securitisation bond
Palm Hills Developments has closed its fifth and largest securitisation bond backed by a receivables portfolio…
HSBC reportedly mulls exiting from U.S. retail banking
HSBC Holdings Plc is considering a complete exit from its retail banking in the United States, the Financial Times…
Egypt to e-link tax, customs, and real estate tax services by end-June 2020 – minister
Egypt’s government plans to link the country’s tax, customs, and real estate tax services electronically by the end…
