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Money
EGTAK wins South Cairo and Giza Flour Mills’ insurance policy tender
The Egyptian Takaful Property and Liability Insurance (EGTAK) has won the state-run South Cairo and Giza Mills and…
IFC board approves $660 million financing for Egypt solar power project
The International Finance Corporation’s (IFC) executive board has unanimously approved on Thursday a $660 million…
Moody’s forecasts Egypt account deficit to shrink to 3% of GDP in 2020
Moody's Investors Service said on Thursday that the International Monetary Fund (IMF) review of Egypt's economic…
French bankers pledge 1,000 post-Brexit jobs in Paris
French bankers pledged to create 1,000 jobs in Paris as part of a plan to shift their operations out of London once…
A third of Greeks at risk of poverty as Athens mulls return to bond market
Greece’s government might be preparing to return to the bond market but there are many structural problems that…
Egypt’s Finance Ministry eyes 26.5% surge in debt instruments next month
Egyptian Ministry of Finance (MoF) is planning to increase debt instruments by 26.5 percent to reach worth 151.5…
NBE bank earmarks 300m Egyptian pounds for scientific research, scholarships
Egypt’s biggest lender, the state-owned National Bank of Egypt has signed Thursday a cooperation protocol to put…
Egypt plans new Eurobond issue in Q3-FY2017/18: minister
Egypt plans to issue a new Eurobond in the third quarter of the current financial year, between January and March…
CIB bank Egypt H1 net profit 29.2% up
Egypt’s largest listed bank, Commercial International Bank (CIB) reported Thursday a 29.2 percent rise in net…
Al-Ahly wins mandates for two financial portfolios of 400mn Egyptian pounds
The investment arm of Egypt’s biggest state lender National Bank of Egypt, National Fund Management Company…