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The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has maintained the overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent,…
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Egypt is establishing a new air route to Democratic Republic of Congo’s capital Kinshasa within March next year, Egyptian Minister of Civil Aviation Mohamed Manar announced.
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Remittances from Egyptians working abroad increased 13.2% year-on-year to a record $31.4 billion in the financial year that ended in June 2021, the central bank said on Wednesday.
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EFG Hermes’ consumer finance subsidiary Valu has kicked off its EGP 2 bn securitization program with a EGP 323 mn bond issuance, according to a statement (pdf) yesterday from the financial services…
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Egypt is commitment towards continuing the structural reforms to create a conducive environment for investment, expand in providing incentive packages to scale up the private sector's engagement in…
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The European Bank for Reconstruction and Development (EBRD) has provided €25m in favour of October Dry Port Company to finance the design, development, construction, operation, and maintenance of the…
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Egypt aims to achieve a positive annual economic growth rate of 7% over three years, Prime Minister Mostafa Madbouly said. 
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Egypt beat South Africa to become the biggest exporter of oranges to the European Union (EU), according to a recent report released by the Spanish Ministry of Agriculture, Fisheries and Food (MAPA).
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The Egyptian Financial Regulatory Authority (FRA) approved a disclosure form submitted by Housing and Development Bank (HD Bank) to proceed with the capital raise procedures.
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EFG Hermes has concluded advisory on valU’s first securitisation bond offering valued at EGP 322.550 million as part of a EGP 2 billion securitisation program approved by the Financial Regulatory…
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