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A mini committee was formed including representatives of the CBE, banks operating in the Egyptian market, and real estate developers to discuss mechanism of the rules of facilitating mortgage finance.
Finance Ministry borrowed about EGP 184bn in T-Bills, T-bonds in April, about EGP 148bn in May
Delek Drilling and Noble Energy, the operators of Israel’s largest natural gas fields Tamar and Leviathan, signed with the Egyptian company Dolphinus Holdings two 10-year agreements, worth $15bn, in February 2018 to export Israeli natural gas to Egypt.
One person killed; 10 others wounded according to media reports
Palestinians got angry when forces allowed Jews to enter the site
Large number of alternative bags distributed to citizens in order to use instead, explaining effect of plastic waste on sea life creatures
Kingdom to hold seven concerts in the first two days of Eid
Yahya Rahim Safavi who served before as the chief commander of the Islamic Revolutionary Guard Corps threatened that crude oil prices will exceed the $100 per barrel mark if any clash between the two countries took place.
Three Syrian soldiers killed in airstrikes near Damascus
Emerging markets (EM) have been confronted by several near-term challenges, resulting in valuations that were approaching crisis levels by November 2018
Issuing law to be completed before end of current parliamentary session: Source
Speech given in celebration of Laylat Al-Qadr, considered the holiest night of year for Muslims
The Fintech accelerator programme is considered the first of its kind in Egypt, and will sustain 11 start-ups, both from Egypt and abroad, to accelerate the Central Bank of Egypt’s goal of making Egypt a global FinTech hub.
Bank has achieved a net profit of EGP 701.6m up 33.7% q-o-q
US-China trade conflict is confusing investors
EGP appreciation poses itself risk, as most of revenue generated is priced in USD