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Money
Despite glowing IMF review, economists say Egypt still has work to do
Egypt still has to make it easier to do business and try harder to attract direct investment if it is to make…
EFG Hermes Q1 net profit 201% up on recovery in regional markets
Egyptian investment bank EFG Hermes reported Monday a 201 percent rise in first quarter net profit after tax and…
No plans to demonetize Egyptian pound or redesign currency: central bank
Egypt will neither launch a new currency exchange mechanism nor have a new design for the current currency, the…
Egypt plans $1.5-2 bln international bond offering in a week: FinMin
Egypt will issue international bond of between $1.5 billion to $2 billion within the next week, the country’s…
Consortium plans EGP13.5 bln loan for Egypt Petroleum Corp
A consortium of nine Egyptian banks is set to secure 13.5 billion Egyptian pounds ($745.8 million) to finance the…
Egypt’s CIB agrees to sell 10% of CI Capital
Egypt's largest listed bank, Commercial International Bank (CIB) has agreed to sell 10 percent of its investment…
Banque Misr in talks with international funding institution for new dollar debt
Banque Misr is negotiating with one of the international banking institutions in order to obtain a new dollar loan…
Egypt’s NBE Bank pumps 900 mln pounds in two property developer loans
Egypt’s biggest lender, the state-owned National Bank of Egypt (NBE) has approved to invest 900 million Egyptian…
Egypt’s Industrial Development Bank posts 100 mln pounds-net profits in 4 months
Industrial Development and Workers Bank of Egypt (IDWBE) has achieved net profits worth 100 million Egyptian pounds…
EBRD approves $11 million loan for Egyptian petrochemical project: minister
The European Bank for Reconstruction and Development (EBRD) has approved a $11 million loan for Egyptian…