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Money
Fed hikes rates at March meeting
For the second time in three months, the U.S. Federal Reserve raised its benchmark interest rate a quarter point…
Bank of England votes 8-1 to hold interest rate at record low level of 0.25%
The Bank of England (BOE) held on Thursday interest rates at the record low level of 0.25 percent and maintained…
Letter explodes at IMF offices in Paris; wounds one person
A letter exploded Thursday when it was opened at the International Monetary Fund (IMF) offices in central Paris,…
Egypt expects to get second tranche of IMF loan in May or June: FinMin
Egypt expects to receive the second tranche of a $12 billion International Monetary Fund loan in May or June, the…
IMF delegation to visit Egypt from April 28 to May 8 – FinMin
A delegation from the International Monetary Fund (IMF) will visit Egypt from April 28 to May 8, Reuters quoted…
Egypt to raise customs dollar to 17 pounds this weekend – minister
Egypt will raise the customs dollar exchange to 17 pounds from 15.7, for two weeks effective from March 16th,…
World Bank mission in Egypt to discuss improving business environment
Egypt’s Minister of Investment and International Cooperation Sahar Nasr met on Tuesday with a high-level mission…
Bank Audi Egypt, European Investment Bank sign MOU for $30mn-loan
Bank Audi Egypt signed a memorandum of understanding (MOU) with the European Investment Bank to obtain a loan of…
German KFW Bank earmarks €100 million for water projects in rural Egypt
Germany’s government-owned KfW Development Bank has secured around €100 million ($106.8 million) for water…
Misr Life wins Egypt’s biggest state-run NBE bank medical insurance policy
Egypt’s Misr Life Insurance has won a tender to provide medical insurance cover designated for the employees of the…