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EBRD, Egypt to sign $60 mln private sector funding deal next week
Egypt and the European Bank for Reconstruction and Development (EBRD) will sign a $60 million agreement next week…
Faisal Islamic Bank earmarks 70 mln Egyptian pounds for tech upgrade
Egypt’s Faisal Islamic Bank said Sunday it had completed upgrading its information technology infrastructure and…
CBE Egypt issues 15.5bn pounds treasury bills Sunday
Central Bank of Egypt (CBE) issued Sunday treasury bills worth 15.5 billion Egyptian pounds ($872.3 million), in…
NBE, Banque Misr: high-yield deposit certificates raise 445bn pounds in 8 months
Egypt’s two biggest state-owned banks, the National Bank of Egypt and Banque Misr have received around 445 billion…
Banque Misr says raised $3.3 billion after Egypt pound float move
Egypt’s second largest bank, state-owned Banque Misr has collected around $3.3 billion since the flotation of local…
CBE Egypt says has issued 15.5bn treasury bill Thursday
Central Bank of Egypt (CBE) has issued Thursday treasury bills worth 15.5 billion Egyptian pounds ($872.3 million),…
Bank of England holds rates steady, sees two hikes in the next three years
The Bank of England (BOE) held on Thursday interest rates steady at 0.25 percent, as expected, while largely…
Soaring inflation in Egypt hits food, drinks companies’ profits
Egypt’s growing interest rates and soaring inflation have hit second-quarter profits at some of the country’s food…
Misr Insurance wins Egypt GASCO’s multi-billion of pounds insurance policy tender
Egypt’s Misr Insurance has won for the third year in a row the insurance policy tender launched by state-run…
Egyptian Cabinet approves EBRD’s €100 million railway financing deal
Egyptian Cabinet has approved Wednesday a three-year €100 million financing agreement signed with the European Bank…