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Money
Misr Iran Bank injects 500 mln as part of SMEs intiative
Egypt’s Misr Iran Development Bank (MIDB) has injected 500 million Egyptian pounds($28 million) as part of Central…
Global Lease to inject funds of 1 bln during 2018
Global Lease Company aims to pump funds 1 billion Egyptian pounds ($56 billion) during 2018, the company CEO Hatem…
Egypt’s NBE posts net profit of 6 bln pounds in H1 of FY2017/18
Egypt’s biggest lender, the state-owned National Bank of Egypt (NBE) recorded net profits of 6 billion Egyptian…
C.bank of Egypt issues 14bn pounds in treasury bills Sunday
The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, issued 14 billion Egyptian pounds in…
Egypt targets 8% economic growth by next years: FinMin
Egypt seeks to achieve economic growth rate between six and eight percent within the upcoming few years, said…
NBE to fund 3.526 customers as part of CBE’s mortgage initiative
Egypt's biggest lender, the state-owned, the National Bank of Egypt is planning to fund 3.526 clients among the…
Bitcoin drifts slightly lower after briefly topping $12,000
Bitcoin drifted slightly lower after surging in the last session to briefly top $12,000. Still, the cryptocurrency…
Central Bank of Egypt to launch QR code payment system soon
The Central Bank of Egypt (CBE) is gearing up to launch the quick response (QR) code payment system within the…
Egypt’s external debt reaches $79 bln at end-2017: FinMin
Egypt's Finance Minister stated Tuesday that the external debt reached $79 billion at the end of 2017, not $100…
Egypt Cabinet approves $200 million loan from ERBD
Egypt Cabinet approves a loan agreement of US$200 million the European Bank for Reconstruction and Development…