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Money
Egypt: next review for IMF loan programme to be in Nov. or Dec.
Egyptian Minister of Finance Amr el-Garhy said Thursday that the next review for the country's $12 billion…
Egypt’s foreign trade reach $35 billion since currency float: official
Egypt’s foreign trade since early November, when the government floated the country’s pound until May 25 reached…
Fed fines Deutsche Bank $41 million over anti-money laundering failures
The Federal Reserve announced on Tuesday that it had fined Deutsche Bank AG $41 million for failing to ensure its…
HSBC says Egypt net profit rises 31% in Q1
HSBC Plc says first-quarter net profit in Egypt has grown 31 percent to record 1.001 billion Egyptian pounds ($55.3…
Nigeria, Egypt currency depreciations depress Africa insurance premium: AIO
There are indications that currency devaluation such in Egypt and Nigeria, is taking huge toll on Africa’s…
Banking system received $1 bln in 2 days, after Egypt’s CBE raised interest rates
Governor of the Central Bank of Egypt Tarek Amer said Monday that the banking system received around $1 billion…
South Cairo and Giza Flour Mills launches property insurance policy tender
The state-run South Cairo and Giza Mills and Bakeries has put out to tender a new insurance policy to cover its…
EBRD studying $300 million loans for Egyptian banks
The European Bank for Reconstruction and Development (EBRD) says it is studying giving some banks in Egypt new…
Banque Du Caire to double SME lending to 4 bln Egyptian pounds at year-end
Banque Du Caire, one of Egypt's largest and oldest public lenders, is planning to double its financing for small…
Foreign currency inflows into Egypt’s banking system hit $25 bln since float
Egypt’s central bank governor Tarek Amer said Sunday that foreign currency inflows into the banking system reached…