Around $35 billion ‘hot money’ left Egypt since pandemic – minister
Egypt's Finance Minister Mohamed Maait said on Sunday that around $35 billion in short-term investment “hot money”…
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IMF didn’t require Egypt to lift bread, energy subsidies to unlock loan – minister
Egypt's Finance Minister Mohamed Maait said on Monday that the International Monetary Fund (IMF) did not require…
Egypt targets FDI worth $10 billion annually over four years: minister
Egypt targets $10 billion in foreign direct investment (FDI) annually over the next four years, the country’s…
Maait says $22 billion ‘hot money’ left Egypt
Egyptian Finance Minister Mohamed Maait said on Monday around $22 billion in short-term investment “hot-money” had…
Egypt banks’ assets up 11.5% in four months
The total assets of the banks in Egypt – excluding the Central Bank of Egypt (CBE) – rose 11.5 percent in the first…
ADIB Egypt bank first-half net profit climbs 49.5%
Abu Dhabi Islamic Bank Egypt (ADIB Egypt) reported on Wednesday a 49.5 percent year-on-year growth in net profit in…
Abu Dhabi Commercial Bank Egypt net profit climbs 42% at June-end
Abu Dhabi Commercial Bank – Egypt (ADCB-Egypt), part of Abu Dhabi Commercial Bank, reported on Sunday a 42 percent…
Dollar climbs to strongest since Dec. 2016 vs Egyptian pound
The U.S. dollar strengthened further against the Egyptian pound on Tuesday, trading at 19.07 against the Egyptian…
Egypt’s Banque Misr net profit grows 113% in 18 months
Banque Misr, Egypt’s second biggest state lender, reported on Wednesday a 113 percent growth in net profit to 23.5…
National Bank of Egypt pre-tax profits hit EGP 66 billion in 18 months
The National Bank of Egypt (NBE), the country’s biggest state-run lender, has announced on Wednesday its pre-tax…