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Banking

Egypt’s capital market indicators saw significant growth in 2021 | FRA Head

On the sideline of the annual FRA conference, Omran explained that the value of securities issuances (stocks, bonds and sukuk) rose to EGP 280.3 billion during 2021

CBE launches new emergency liquidity program amidst rising inflation rates

Access to the emergency liquidity depends on banks providing sufficient guarantees to pay back the loans

NBE ranked 1st in Bloomberg’s 2021 Africa syndicated loans league table

Within the Middle East and North Africa region, NBE ranked as the third top financing agent and main arranger

Revenues from taxes up by 19.2% in the first 5M of FY 2021/2022 | FinMinistry

The data reported that value-added tax revenues climbed by 11.96% year-on-year (YoY) during the July – December period of 2021 (first 5M of FY 2021/2022)

Egypt’s budget deficit goes up to 3.7% during first 5M of FY 2021/2022

In its December report, the ministry revealed that the budget deficit amounted to EGP 266.94 billion during the July-November 2021 period