Egypt’s EFG Hermes has officially become a universal bank after finalising its acquisition of a 51 percent …
"Sovereign Fund of Egypt"
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FeatureFinancial InstitutionsMoney
Egypt becomes Africa Finance Corp’s 32nd member state, sees $1 bln investments
Egypt has become the 32nd member state of Africa Finance Corporation (AFC), the region’s leading infrastructure solutions …
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Global credit rating agency Fitch Ratings affirms the National Bank of Egypt’s (NBE) long-term (LT) issuer default …
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FeatureFinancial InstitutionsMoney
IFC invests $100 million in Egypt’s first private sector green bond
The International Finance Corporation (IFC), a World Bank member, announced on Wednesday it is investing $100 million …
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FeatureFinancial InstitutionsMoney
Moody’s affirms Egypt’s credit rating at B2, stable outlook
by Yomna Yasserby Yomna YasserMoody’s maintained on Friday Egypt’s long-term foreign and local currency issuance ratings at B2 and its stable …
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Fitch Ratings is forecasting that Egypt’s real GDP growth will recover to 5.5 percent in the financial …
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FeatureFinancial InstitutionsMoney
Fitch: Egypt’s GDP growth to reach pre-pandemic level of 6% in 2022
Fitch Ratings on Sunday forecasted Egypt’s GDP to reach pre-pandemic growth levels of 6 percent, the highest …
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FeatureIndustry & TradeTech/AI
Abu Dhabi state fund ADQ eying a stake in top Egyptian dairy maker Juhayna
ADQ, Abu Dhabi’s newest state fund, is considering acquiring a stake in Egyptian dairy and juice production …
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Egypt’s investment bank EFG Hermes Holding is targeting minority stakes in startups after its acquisition of a …
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Fitch Ratings describe Egypt’s budgetary targets for the the financial year ending June 2022 (FY22) as “broadly …