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Money
Industrial Development Bank targets microfinance of 1 bln pounds in Q1 2018
Industrial Development and Workers Bank of Egypt (IDWBE) seeks to increase microfinance portfolio to one billion…
Bitcoin inches up 10 percent, recovers from last week’s brutal selloff
Bitcoin extended its recovery in holiday-thinned trading on Tuesday, rising 10 percent to be up more than a third…
Egypt to choose 4-5 banks to arrange next euro bonds issuance: minister
Egypt will choose between four to five international banks to arrange the next euro bonds issuance, Finance…
Crédit Agricole Egypt wins JP Morgan quality awards
Crédit Agricole Egypt announced Monday it has won the quality awards of JP Morgan Chase for the efficiency,…
EFG-Hermes looks to manage Egyptian 500mw renewable energy projects
Egyptian investment bank EFG Hermes is seeking to manage renewable energy projects totaling 400-500 megawatts in…
Latest IMF $2bn disbursement to be used to reduce Egypt’s budget deficit: CBE
The latest $2 billion loan disbursement from the International Monetary Fund (IMF), which is set to be delivered…
EFG-Hermes sees start of factoring services in Q1 2018 – CEO
Egyptian investment bank EFG-Hermes expects to commence offering factoring services in the first quarter of 2018 as…
RBS to pay $125M to settle California mortgage bond claims
Royal Bank of Scotland Group Plc will pay $125 million to resolve claims that it made misrepresentations while…
EBRD plans to invest $1.5 bln in Egypt in next year: official
The European Bank for Reconstruction and Development (EBRD) intends to invest around $1.5 billion to finance…
Egypt to receive $2 bln as part of IMF loan in June or July: government official
Egypt is set to receive $2 billion in the fourth disbursal from a $12 billion International Monetary Fund loan in…