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Money
Central bank of Egypt warns against Bitcoin transactions
The Central Bank of Egypt (CBE) warned against using virtual currencies, namely Bitcoin, due to the high risks…
World Bank says Egypt’s GDP growth projected to hit 4.5% in FY2018
Egypt’s gross domestic product is projected to grow to 4.9 percent by 2018, suggesting ongoing reforms and improved…
IDWBE bank to pump 450 mln pounds in Egypt c.bank’s SMEs initiative
Egypt’s state-run Industrial Development and Workers Bank (IDWBE) seeks to pump funds of 450 million Egyptian…
C.bank says Egypt paid back $700 mln in debt to Paris Club
The Central Bank of Egypt (CBE) paid back around $700 million in debt to the Paris Club this week, the CBE…
Egyptian Life Takaful-GIG gets final OK to promote services via NBAD bank
Egyptian Life Takaful Company – GIG has received the final approval by the Central Bank of Egypt and the Financial…
Finance Minister approves 3.7 bln Egyptian pounds in allocations for Dec.
Egypt's Minister of Finance Amr el-Garhy approved 3.7 billion Egyptian pounds ($209 million) in additional…
Egypt’s Pharos advising on two acquisitions in H1
Egypt’s investment bank Pharos Holding says it is advising on two acquisitions valued at 2 billion Egyptian pounds…
Acumen to launch equity fund of 200 mln pounds in H1 2018
Egypt-based investment bank Acumen Holding is planning to launch an equity fund with a capital of 200 million…
Egypt’s economy grows by 3.6 % in FY 2016/2017
Egypt's Gross Domestic Product (GDP) has recorded a growth of 3.6 percent during the financial year…
Egyptian Takaful Property earmarks $500k for Egypt nuclear insurance pool
Egyptian Takaful Property and Liability Insurance plans to commit around $500,000 to the capacity subscription of…