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Money
Moody’s says Egypt’s capital market law amendments are ‘credit positive’
The latest amendments to Egypt’s Capital Market Law, recently approved by parliament, are credit positive for the…
Egypt’s Faisal Islamic Bank posts 11.1% up in business volume at end-Jan.
Faisal Islamic Bank of Egypt on Monday said that its business volume increased 11.1 percent by the end of…
NBE injects 19 billion pounds as part of CBE initiative
The National Bank of Egypt's (NBE) small and medium enterprises (SMEs) portfolio has registered 19 billion Egyptian…
Microfinance activity records 7.2 bln pounds in 2017: Omran
Microfinance activities continued their growth over by the end of 2017, recording 7.2 billion Egyptian pounds…
EBRD loans $52 million to support Chinese investment in Egypt
The European Bank for Reconstruction and Development (EBRD) has secured a $52 million loan to Angel Yeast Egypt, a…
Qatar National Bank hires CI Capital for 2% stake sale in Egypt unit
Qatar National Bank (QNB) said Sunday it has hired CI Capital to advise it on the sale of a small stake in its…
Bank Audi Egypt’s Ezdehar Fund wins two awards
Bank Audi’s Ezdehar Fund, with cumulative and floating returns in Egyptian pound, has been awarded the “Best…
NBE stops issuing savings certificates with 20% annual return
The National Bank of Egypt (NBE) announced that it stopped issuing its 18-month platinum savings certificate with…
CBE lowers interest rates 1% as inflation tumbles
The Central Bank of Egypt lowered interest rates 1% as the inflation rates keeps going downhill, for the first…
EU provides €38 mln to bring first sanitation services to one million Egyptians
European Bank for Reconstruction and Development (EBRD) has received €38 million in grants from the European Union…