Browsing Category
Money
World Bank’s IFC to triple lending to Egypt to $1 billion this year
The World Bank's development arm is expected to triple its funding to Egypt to $1 billion in its current financial…
Faisal Islamic Bank raises $300 million since Egypt pound float
Egypt’s Faisal Islamic Bank has collected around $300 million since the central bank floated the pound currency in…
Egyptian banks net profits grow 48% end-2016
Egypt’s banks made 62 billion Egyptian pounds ($3.5 billion) in net profit at the end of 2016 from 34 billion…
EBRD considers investing $200 mln for Egypt energy efficiency project
The European Bank for Reconstruction and Development (EBRD) is looking to lend the state-run Egyptian Natural Gas…
IMF praises Egypt’s CBE policies to control inflation rate
The International Monetary Fund (IMF) praised on Friday the Central Bank of Egypt (CBE) policies to control…
Minister: Egypt to keep customs dollar rate at 16 pounds in October
Egypt will keep a customs dollar rate at a fixed 16 pounds for October effective the first of the month, Finance…
Egypt’s foreign debt ups by 42% in FY2016/17: CBE
Egypt’s foreign debt rose by 42 percent to $79 billion during the financial year 2016/2017, said Central Bank of…
AfDB delegation to meet with Egyptian officials next week
A high-level delegation from the African Development Bank (AfDB) is set to visit Egypt on Monday to discuss current…
Banque Misr has provided $6 bln to fund trade since pound float: official
Egypt’s second largest state-owned lender, Banque Misr has provided $6 billion to fund trade since the country…
Egypt’s inflation to rebound to 12-13% in six months: minister
Egypt’s inflation is expected to rebound between 12 and 13 percent in a period of six and nine months, finance…