Midor receives a $1.2 bln loan from 3 international banks
Middle East Oil Refinery Company (Midor) signed a loan agreement worth $1.2 billion with a consortium of three…
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Egypt’s domestic debt hikes 16.9% in FY2017-18: c.bank
Egypt’s domestic debt rose 16.9 percent to 3.695 trillion Egyptian pounds ($206.7 billion) in the financial year…
Egypt’s economy to grow 5.8 percent in FY2018-19: economist
Egypt’s economy will grow 5.8 percent in the financial year that began in July and 6 percent next year, said former…
Export Development Bank allocates risk reserve of $9.9mn for IFRS9
The Export Development Bank of Egypt (EDBE) has allocated a risk reserve of 179 million Egyptian pounds for the…
Egypt’s Banque du Caire in advanced talks for $30 mln loan
Egyptian state-run lender Banque du Caire is in advanced talks with a regional financial institution for a $30…
Standard Chartered sees Egypt FY19 GDP growth at 5.5%
Egypt’s economy is likely to grow to 5.5 percent in the 2018-2019 financial year, which ends in June 2019, a senior…
Egypt’s CBE inks $3.8 bln finance accord with international banks
Egypt's central bank on Thursday agreed to enter into a “new repurchase transaction” of $3.8 billion with a…
Egypt banking sector assets rise 1.2% in July – c.bank
The value of assets held by Egypt’s banking sector rose 1.2 percent to 5.140 trillion Egyptian pounds ($286.36…
Saudi Arabia’s Alhokair seeks early repayment for Egypt mall loan
Marakez, a subsidiary of Saudi Fawaz Alhokair Group, is in talks with seven banks on paying off around 1.6 billion…
Remittances from Egyptian expats up 21.1% in FY 2017/2018
Remittances from Egyptian expats hiked by about $4.6 billion (21.1 percent) during fiscal year 2017/2018, the…