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Money
Egypt pays off by floating local currency in economic reform – experts
The relative growth of foreign investment and the sharp decline of foreign exchange black market are among the…
Suez Canal Bank has provided $300 mln to fund trade since currency float
Egypt’s Suez Canal Bank has provided around 300 million to fund trade since the country floated its currency in…
Egypt’s two largest state banks raise $23 bln since pound float decision
National Bank of Egypt (NBE) and Banque Misr, the country's largest state banks, have collected around $23 billion…
Telecom Egypt launches property insurance policy tender of 35 bln pounds
State-owned Telecom Egypt, which has a monopoly on the country's landlines, has put out to tender on a new…
Anniversary of Egypt pound floating has lessons for currency baby-sitters
Egypt’s transition from a struggling economy to one of Africa’s revival stories throughout 12 straight months is…
Egypt government spent $5.65bn over-budget in 2016-17 due to currency float
Egypt’s government spent over 100 billion Egyptian pounds ($5.65 billion) more than it planned to in the 2016-17…
China’s central bank chief urges Beijing to promote equity, cut debt, eliminate…
China's central bank boss spelled out his strategy to prevent a future financial crisis, urging broadened equity…
Germany’s KFW bank finances €1.8 billion flagships in Egypt
Germany's state-run development bank KFW has provided financing for projects currently in the country that is…
Remittances from Egyptians abroad up 24.4% in September: CBE
The Central Bank of Egypt (CBE) announced on Thursday that remittances from Egyptian abroad increased 24.4…
MENA: Egypt settles $1bn debt to Turkey, pays off Libya $250mn
Egypt has paid off the final instalment, worth $200 million, of a $1 billion loan it took out from Turkey in 2012…