Top News & Analysis
MACRO NEWS
According to Finance Minister, Egypt could face an extra USD10.2bn burden next fiscal year if wheat and oil prices remain at their current elevated levels. (Enterprise)
CORPORATE NEWS
Egypt Aluminum [EGAL] announced to that the circulating news which stated that the initial cost for EGAL’s factory upgrade is EGP2.5bn belong to the 7th line capacity increase. (Company disclosure)
The consumer finance arm of Contact Financial Holding [CNFN] is willing to allocate EGP2bn for tuition financing.
HSBC Egypt has launched an EGP1bn technology entrepreneurs lending program for tech players that seek a global banking partner to scale up their business. (Mubasher)