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Money
Sudan, Saudi Arabia reportedly to restore banking ties
Sudan and Saudi Arabia have agreed to re-establish banking relations, the official Sudanese news agency SUNA…
Egypt selects 5 banks to arrange next Eurobonds issuance
Egypt selected five banks to arrange its next dollar-denominated Eurobond issuance, Finance Minister Amr el-Garhy…
Central Bank of Egypt leaves interest rates unchanged
The Central Bank of Egypt kept its interest rates unchanged in its Monetary Policy Committee (MPC) on Thursday,…
Banque Misr’s Islamic finances hit 6 bln pounds in FY2016/17
Egypt’s second-largest state bank, Banque Misr says its Islamic financing portfolio has grown to 6 billion Egyptian…
Banks to be closed in Egypt next Monday
Egyptian banks will be closed next Monday, the Central Bank of Egypt (CBE) said Wednesday in a statement. As…
Banque Misr mulling giant funding for Egypt infrastructure sectors
Egypt’s second-largest state bank, Banque Misr is considering raising around 33.3 billion Egyptian pounds ($1.8…
EBRD, Egypt sign $200 mln energy efficiency funding deal
The European Bank for Reconstruction and Development has signed Wednesday a $200 million loan agreement to finance…
CBE: Egypt’s foreign trade operations at $70.8 bln since currency float
Egypt’s foreign trade has reached $70.8 billion in the period since the country floated its currency in November…
Global economy reverses to ‘Normal’ after 2017’s upside surprises
The global economy found its post-crisis footing in 2017, with most major developing economies surprising on the…
Egyptian parliament ratifies €225mln from KfW to support economic reform
The Egyptian Parliament approved a €225 million ($267 million) agreement that was previously signed between…