Browsing Category
Money
Unexpectedly surge in interest rates by 200 basis points: Egypt CBE
The Monetary Policy Committee (MPC) at the Central Bank of Egypt (CBE) announced raising interest rates by two…
5 Egyptian public banks approve new funding for micro-sized project initiative
Five Egyptian state-run banks have approved a financing worth 3.09 billion Egyptian pounds ($172.8 million) for…
Bond market offering 21% yields finally turns Egypt into a buy: Bloomberg
Egypt is clawing itself back in favor with international investors after being shunned for over six years, but it’s…
EGB Egypt profits rise by 47% in Q1
Cairo-based Egyptian Gulf Bank reported Wednesday a 47 percent increase in profits to reach 138.1 million pounds…
Egypt’s CIB sells 10% stake in CI Capital for 101 mln pounds
The Commercial International Bank – Egypt (CIB) has carried out a deal to sell a 9.99 percent stake in CI Capital…
METLICO, Qatari Diar sign life insurance cover deal for Egypt flagship
Egypt’s Misr Emirates Takaful Life Insurance (METLICO) has signed Tuesday an insurance cover agreement with Qatari…
Qatar’s outlook cut by Moody’s amid Saudi-led blockade
Despite Qatar seeking to ramp up its lucrative LNG (liquefied natural gas) exports in the midst of a tense…
Beware growing risks to global growth: IMF warns G-20 nations:
Global growth should reach 3.5 percent of gross domestic product this year and the next, but leaders need to…
BADEA bank earmarks $200 mln for Egypt-Africa economic cooperation
The Arab Bank for Economic Development in Africa (BADEA) is allocating $200 million to support the Egyptian-African…
Egypt’s foreign reserves hike to $31.305 billion at end-June
Egypt’s foreign reserves hiked to $31.305 billion at the end of June from $31.125 billion at the end of May, the…