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Money
Fitch says Egypt’s budget, energy price hikes show fiscal commitment
Egypt's new budget and lower electricity and fuel subsidies demonstrate a continued commitment to fiscal…
PwC to conduct Egypt IDWBE bank restructure scheme in 6 months
Egypt’s Industrial Development and Workers Bank (IDWBE) has signed an agreement with U.S. accountancy firm…
HSBC CEO confirms potential ‘hard’ Brexit plan to move 1,000 jobs to Paris
HSBC’s Chief Executive Stuart Gulliver confirmed Tuesday possible plans to move 1,000 jobs from Britain to Paris in…
Egypt negotiating $104 mln funding package from USAID
Egypt is negotiating a $104 million funding package from the US Agency for International Development (USAID), aimed…
Egypt expects to receive second IMF loan disbursal next week -FinMin
Egypt expects to receive a second loan instalment worth $1.25 billion from the International Monetary Fund within…
Egypt’s CBE offers 1.75 bln pounds treasury bills Monday
The Central Bank of Egypt (CBE) offered treasury bills (T-bills) worth 1.75 billion Egyptian pounds on…
Banque Misr, NBE say “new certificates at high interest rates just rumors”
Yahiya Abu Al Fottoh, Deputy Head of National Bank of Egypt (NBE), denied the issuance of certificates at high…
Delta Life wins Egyptian pilgrims’ insurance cover tender
Delta Life Assurance has won this year’s pilgrimage travel insurance cover tender launched by the Egyptian Ministry…
Netherlands Solid Capital’s Egypt unit in talks to buy brokerage firm this year
Cairo-based investment bank SOLID Capital, part of Dutch venture capital firm Solid Capital Partners Worldwide…
National Bank of Egypt wants to boost SME financing by 20% this year
Egypt’s biggest lender, the state-owned National Bank of Egypt is seeking to increase funding for the country’s…