Moody’s sees Egypt’s liquid foreign exchange reserve buffer to fall to $30…
Moody's estimated on Monday that Egypt's liquid foreign exchange reserve buffer will decline to about $30 billion…
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Moody’s: Egypt capital outflows hit $15 billion in March and April
Moody's said on Monday it estimates that about $15 billion in capital outflows from Egypt occurred during March and…
Moody’s estimates Egypt’s economic growth to slow below 3% in FY2020/21
Moody’s said on Monday it estimates Egypt’s economic growth to slow below 3 percent in the financial year…
Moody’s affirms Egypt’s B2 rating with stable outlook
Moody's has affirmed on Monday Egypt’s long-term foreign and local currency issuer ratings at B2, with an outlook…
IMF approves $2.772 billion in emergency support to Egypt to address coronavirus
The executive board of the International Monetary Fund (IMF) has approved on Monday a $2.772 billion worth of…
Banque Misr approves EGP 1 billion loan for Sawiris’ ZED flagship
Egypt’s Banque Misr has approved on Sunday a 1 billion Egyptian pound ($63.5 million) loan in favour of Naguib…
Exclusive: Shares of banks in Egypt’s Madinet Nasr for Housing loan
A consortium of three banks agreed on Thursday to provide Egypt’s Madinet Nasr for Housing and Development (MNHD) a…
Banks operating in Egypt financial position increase during February
The total financial position of banks operating in Egypt increased to 5.985 trillion Egyptian pounds at the end of…
IMF to consider Egypt’s rapid financing loan request on May 11
The executive board of the International Monetary Fund (IMF) is due to meet on May 11 to consider Egypt’s request…
National Bank of Egypt leads banking consortium to provide €30 million loan to Midor
The National Bank of Egypt (NBE), the country's biggest state lender, is leading a banking consortium to arrange a…