EFG-Hermes: Egypt Will Not Get IMF Loan Before Q4/13
Cash-strapped Egypt will not obtain the International Monetary Fund’s long-awaited US$ 4.8 billion loan before the…
CBE’s Governor Announces Re-launch Of Bancassurance In May
No intention to privatize banks in the near future The Central Bank of Egypt (CBE) has set the required regulations…
Dollar Hits EGP 6.93 On Early Trading
During the early trading on Monday, the US dollar’s exchange rate has steadied against Egyptian pound in banks at…
Italian Market Received EGP2.4 bln Egyptian Exports In 2013
The Egyptian exports to the Italian market went up15% to EGP 2.4 billion during the first quarter of 2013, compared…
Egypt Gold Prices Jump On Early Monday, 21-Carat Hits EGP 287.62
The gold prices in the Egyptian market on Monday have rose by 3 pounds during the early trading. According to…
CBE Offers US$ 40 Mln To Local Banks At Monday’s FX Auction
The Central Bank of Egypt (CBE) offers US$ 40 million to local banks at the first FX auction in this week and the…
Egypt Sees IMF Loan Deal In May: Hisham Ramez
The International Monetary Fund (IMF) is really concerned to support Egypt, the IMF chief Christine Lagarde…
HSBC Reviewing Iraq Ops, Continues Egypt Investment –Executive
HSBC Holdings is reviewing its operations in Iraq while continuing to invest in Egypt despite a challenging…
Foreign Selling Pressures Drags EGX 30 Below 5240 Pts; Opening
The Egyptian Exchange (EGX) has opened Monday’s session incurring losses of EGP 2.2 billion driven by early foreign…
Morsi: Egypt Not Received IMF Loan As It Rejacts Its Conditions
President Mohamed Morsi said in an interview with Al-Jazeera Satellite Channel on 04/20/2013 that Egypt has not yet…