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Money
MSMEDA inks 20 mln pounds contract with Plus Leasing for developing SMEs
Egypt's Micro, Small and Medium Enterprises Development Agency (MSMEDA) signed a 20 million ($11…
Industrial Development Bank eyes 50% increase in customers’ deposits
Industrial Development and Workers Bank of Egypt (IDWBE) seeks to increase its customers' deposits by 50 percent…
Egypt keeps customs dollar exchange rate at 16 pounds for January
Egypt will keep its customs dollar exchange rate steady at 16 pounds for January, the finance ministry said in a…
Egypt’s Arab Investment Bank 2017 net revenues grow 15%
Egypt’s Arab Investment Bank (AiBK) says its full-year net revenue has grown 15 percent from a year ago, reaching…
Suez Canal Insurance eyes investments up to 754 mln pounds June-end
Egyptian composite insurer Suez Canal Insurance seeks to increase its investments portfolio by the end of June…
EG-Bank pumps 150 mln pounds in Rooya Group and Egyptian Railways loans
Egyptian Gulf Bank-EG-Bank has approved pumping 150 million Egyptian Pounds ($8.4 million) in both Rooya Group and…
Afreximbank studying $50 mln SME loan for Egypt’s United Bank
The Africa Export-Import Bank (Afreximbank) is studying lending Egypt’s state-run United Bank around $50 million to…
Venezuela government says an oil-backed cryptocurrency to launch in days
Venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion,…
Fed could surprise markets with more interest rate increases than expected: economists
Wall Street economists are warming to the idea that the U.S. Federal Reserve may hike interest rates four or more…
Egypt pays off $2 bln of debt in December
Egypt’s central bank repaid about $2 billion in debt to international bodies in December, state-run MENA news…