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Money
EU chooses Paris as new host for European Banking Authority after Brexit
The European Union has selected Paris as the new host for its London-based banking authority after Britain leaves…
Average yields rise on Egypt’s 3- and 9-month treasury bills, says c.bank
Average yields on Egypt’s three- and nine-month treasury bills rose at an auction on Sunday, central bank data…
World Bank’s green bonds for Africa reach $12 billion: official
The World Bank has issued over $12 billion worth of green bonds in Africa so far, said Mahmoud Mohieldin, Vice…
Parliament endorses €290 mln ERBD loan to upgrade Egypt’s railway system
Egypt's parliament approved on Sunday a financing program worth 290 million euros provided by the European Bank…
GIG-Egypt, Germany’s Hannover Re in talks to renew reinsurance deal
Egypt’s Arab Misr Insurance Group (GIG) has started talks with Germany’s Hannover Re to reach a further one-year…
Egypt’s Afreximbank ups $150mn equivalent in first-ever Samurai Syndicated Term Loan…
Egypt-based African Export-Import Bank (Afreximbank) has successfully completed its first ever Samurai Syndicated…
Dollar exchange rate sees slight hike in Egyptian banks
U.S. dollar prices against the Egyptian pound increased in several Egyptian banks on Sunday. According to the…
Al Tawfeek Leasing joins forces to provide multi-million-pound property loans
Egypt’s Al Tawfeek Leasing (A.T. LEASE) is teaming up with two other local leasing companies to secure joint…
Egypt’s Q4 GDP growth highest since 2009: c.bank
Egypt’s economy grew at its fastest pace in 7 years during the fourth quarter of the 2016/2017 financial year, its…
CBE to issue treasury bills worth EGP 13.7 bln today
Egypt's Central bank (CBE) will issue treasury bills worth EGP 13.7 billion on behalf of the Ministry of Finance on…