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Money
World Bank delegation visits a social housing project in Egypt
A high-level delegation from the World Bank has visited a social housing project in Badr City, located in north…
Egypt’s Misr Iran bank 2016 profits jump to 1 bln pounds on currency float
Egypt’s Misr Iran Development Bank (MIDB) says profits had risen to one billion Egyptian pounds ($55 million)…
Egypt targets 5.5% growth rate in FY2018/19: deputy FinMin
Egypt’s government is targeting a growth rate of 4.8 percent for the 2017-18 financial year and 5.5 percent for the…
Banque Misr says to open China resident office this week
Egypt’s second biggest bank, state-owned Banque Misr will be opening its representative office in China later this…
National Bank of Egypt collects $6.5 billion since pound float: official
Egypt’s biggest lender, the state-owned National Bank of Egypt has collected $6.5 billion since the liberalisation…
Banque Misr: high-yield deposit certificates raise EGP110 bln after pound float
Egypt’s second biggest bank, state-owned Banque Misr has raised around 110 billion Egyptian pounds ($6.05 billion)…
AMF forecasts 4% growth for Egypt in 2017
The Arab Monetary Fund (AMF) said Wednesday it forecast Egypt’s economy to grow by 4 percent in 2017 and 4.5…
EIB to support feasibility study on East Port Said logistics centre project
The European Investment Bank (EIB) has agreed to provide technical assistance for a feasibility study on East Port…
African Reinsurance Corp pumps $50 mln into technical reserves
The African Reinsurance Corporation’s (Africa Re) board has decided in recent meeting to pump $20 million into the…
Egypt central bank plans launch new unit for financial inclusion
Egypt’s central bank is planning to establish a new unit designated to promote the financial inclusion process to…