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Money
Egypt more attractive to foreign investments after currency float: Cityscape
Last year, Egypt floated its currency to qualify for the IMF loan, to help raise funds and restore investor…
Signs of Egypt’s economic growth may be recovering as PMI rises
Economic activity for Egypt’s non-oil private sector accelerated the most since 2014, a sign that growth may be…
World Bank delegation to visit Egypt in first half of March – minister
A senior delegation of the World Bank Group will be visiting Egypt in the first half of March to hear more about…
Germany offers Egypt $500 million to support economy, SMEs
Germany is planning to provide Egypt with $500 million in support of the country's economic reform programme and…
Banque Misr full-year pre-tax profit rises 30.7%
Egypt’s second biggest bank, state-owned Banque Misr says profits before tax have climbed 30.7 percent to record…
Egypt’s foreign reserves surge to $26.541 billion at February-end
Egypt's net foreign reserves rose to $26.542 billion at the end of February from $26.363 billion at the end of…
QNB Al-Ahli Bank to roll out mVisa services in Egypt
QNB Al-Ahli Bank has announced plans to roll out mVISA service in cooperation with Visa Inc, becoming the first…
Japan bank consortium to use blockchain tech from Google-backed Ripple to make payments
A consortium of Japanese banks plans to use distributed ledger technology — better known as blockchain — from a…
China’s new banking regulator pledges tightening supervision, curbing risks
China's newly appointed banking regulator vowed Thursday to tighten supervision of the lending sector, underscoring…
Central Bank of Egypt braces for multi-billion-pound microfinance initiative
Egypt’s central bank is preparing the ground to launch a new initiative dedicated for the microfinance sector…