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Money
Egypt may issue $1.5-2 billion in international bonds in few weeks
Egypt may issue $1.5 billion to $2 billion in international bonds in the coming few weeks, Finance Minister Amr…
IMF mission to start talks today in Egypt amid interest rates debate
An International Monetary Fund team will start on Sunday its first review of Egypt’s $12 billion loan accord, with…
CIB Egypt launches new Mobile Banking app
Commercial International Bank Egypt (CIB) announced the official launch of its Mobile Banking application, packed…
Three banks seek Egypt regulatory approval to apply factoring activities
Three banks are seeking the Egyptian market regulator’s approval to obtain licences designated to practice…
Afreximbank, NBE sign $300 mln facility to support Egypt industrialization
The African Export-Import Bank (Afreximbank) has provided Egypt’s largest public lender National Bank of Egypt…
IMF delegation to visit Egypt Sunday to review economic reform updates
A delegation from the International Monetary Fund (IMF) will arrive in Egypt on Sunday to review progress on its…
Egypt’s Banque Misr to set up presence in Somalia, Kenya, and Côte d’Ivoire
Egypt’s second largest bank, state-owned Banque Misr is planning further expansion but this time in Africa by…
ECB holds rates steady as Draghi says downside risks have diminished
The European Central Bank (ECB) held on Thursday its benchmark interest rate at zero percent as President Mario…
Misr Asset Management in talks to run fixed income, capital guarantee funds
Egypt’s Misr Asset Management (MAM), the investment bank arm of Misr Insurance Holding, is negotiating to win the…
Egypt parliament approves AfDB’s grant to restructure state’s social lender
Egyptian parliament has approved Thursday an African Development Bank’s (AfDB) grant worth around 11 million…