Financial institutions in Egypt
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Egypt to repay $2.5B Qatari deposit by end of November
The Gulf state provided Morsi’s government with billions of dollars in deposits, grants and energy supplies during his year in power.
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OCI wins appeal to Egypt's tax authority, Sawiris plans large investments
In July, Sawiris was sentenced in absentia to three years in prison and fines worth LE50 million on charges related to the case.
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EBRD unveils $30mn credit line towards financing SMEs in Egypt
The EBRD officials underlined ‘Small and Medium-sized Enterprises (SMEs) as the backbone of the economy and financing them as a priority.
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JPMorgan, EFG-Hermes said to be working on Emaar’s Egypt IPO
Engagement letters are due to be signed with the banks this week to run the initial public offering of Emaar Misr.
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AAIB expands ATM service in Egypt
The action, which came under AAIB’s customer delight initiative, has brought the bank’s total number of ATMs to 286 across Egypt.
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IMF cuts Egypt's growth forecast citing concerns on tourism revenues
The IMF says it has revised its projection for Egypt's growth as a result of security concerns but still sees positive economic reform.
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Egypt's Cabinet to approve investment law in 2 weeks: Minister
The World Bank has already approved a $5 million aid package to Egypt to implement the new system and to establish an updated investment database.
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Egypt's Suez Canal revenues rise 6.3% in September Y-O-Y
Suez Canal revenues are up year-on-year but have dipped 8% since August.
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Lew urges Egypt to push forth with reforms to stabilize economy
U.S. Treasury Secretary Jacob J. Lew urged Egypt to persist with economic and political changes that could attract private investment.
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Kuwait's $1bn aid to Egypt unconfirmed, says finance minister
Egypt's press says Kuwait gave $1 billion in aid - but finance minister won't confirm.