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Money
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…
SAIB Bank removes curbs on Egyptians’ use of credit cards abroad
Egypt's Societe Arab Internationale de Banque (SAIB) has removed Sunday all the curbs imposed on the Egyptians’ use…
IMF release of second payment shows confidence in Egypt’s economy: official
The International Monetary Fund (IMF) agreement to release the second tranche of a 12-billion US dollar loan to…
S&P affirms Egypt’s ‘’B-/B’ rating, with stable outlook
Rating agency Standard and Poor’s (S&P) affirmed Friday its “B/B-” long and short-term foreign and local…
IMF reaches staff-level agreement on second payment of Egypt loan
The International Monetary Fund has reached Friday a staff-level agreement on a second payment that would make…