Finance News
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Is now the right time for Egypt’s government IPOs?
The current time is appropriate for the government to resume its IPO programme, in parallel with the economic reform plan.
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Egypt signs $1.5 billion financing agreement with Islamic Trade Finance Corporation
Sonbol said the agreement includes financing imports of energy products and essential commodities.
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EIB provides Egypt's private sector with $515M in 2022
The bank provided development financing of €15 million to the Bank of Alexandria, and €500 million to Banque Misr and the National Bank of Egypt.
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CIB tops Egyptian Exchange’s transactions with EGP 2.5bn last week
The EGX weekly report stated that the CIB's share increased 9.5% and accounted for 19.5% of the transactions, at a value of EGP 2.5bn.
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Egyptian singer Angham becomes EQUAL Arabia sponsor
Angham is now featured on a spot in New York City’s Times Square.
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Egypt’s CBE to offer short term T-bills for EGP 35 bln on Sunday
The Central Bank of Egypt (CBE) is set to offer treasury bills (T-bills) with a combined value of EGP 35 billion through two auctions on Sunday.
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Egypt's soaring prices drive home economic pain
Along with a currency crisis, it has exposed the vulnerability of an economy long propped up by international lenders and Gulf allies.
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Egypt mulls conditional monetary support instead of subsidizing bread
Moselhi added that the timing is not appropriate to implement the idea due to the change in the inflation rate and its rise.
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Davos 2023: Egypt sees high demand from investors after currency drop- minister
It includes a goal of raising $2-2.5 billion by mid-year from sales before any initial public offerings on the stock market.
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Cairo, Goldman Sachs Group probe fostering cooperation
The meeting was held on the fringes of the World Economic Forum (WEF) 2023 in Davos.
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Egyptian private equity firm B Investments to invest $67.3m in health and food sectors in 2023
The company intends to complete the acquisition deal in the healthcare sector before the end of the first quarter of 2023.
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Egypt's PM chairs 1st meeting of higher committee on implementing State Ownership Policy Document
Madbouli underlined the importance of the committee which was formulated upon the directives of President Abel Fattah El Sisi.
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Davos 2023: Egypt sees high demand from investors after currency drop - minister
Sectors under consideration include industry, agriculture, telecoms, she said, without giving any details of any particular companies or deals.
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Egypt Auto Finance Market is expected to grow at a CAGR of ~11% between 2023F - 2027F
Financial Penetration is anticipated to increase, while share of down payment will continue to decline backed by improvement in financial access.
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Egypt’s economic crisis is a golden opportunity
After initially recovering from the COVID-19 pandemic, the Egyptian economy has been hit hard by the fallout from the war in Ukraine.
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NWFE program aims to mobilize investments worth $14.7B
Egypt’s NWFE program aims to mobilize investments worth $14.7 billion, according to Minister of International Cooperation, Rania Al-Mashat.
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Egyptian banks collect EGP 335 billion from 25% saving certificates
Of this amount, EGP 120 billion for Banque Misr and the rest for the National Bank of Egypt (NBE).
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Russian Central Bank includes Egyptian pound in currency exchange rates list
The addition of the new currencies brought the total number of currencies listed by the Russian Central Bank at official daily rates to 43.
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Inertia Egypt secures $44.87mln bridge loan from two banks
Inertia Egypt CEO Ahmed El-Adawy reiterated the importance of supporting the real estate segment by the banking sector.
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Government approves initiative to support industry, agriculture with 11% interest rate loans
Egypt’s cabinet approved the main framework of a new five-year initiative to fund industrial and agricultural sectors projects with 11% interest loans