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Egypt to borrow $750m from international banks

Egypt’s state-owned Banque Misr seeks to borrow $750 million from international banks and institutions over the current financial year 2018-19, the bank’s vice chairman, Akef Al-Maghraby, announced yesterday. The country’s financial year begins in early July and lasts until the end of June of the following year. Al-Maghraby noted that…

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