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Money
Takaful captures 9.6% of total insurance premiums in Egypt in 11 months
Takaful firms have managed to capture 9.6 percent of the total insurance premiums in Egypt throughout the first 11…
EGTAK renews insurance cover deal for Orange Egypt’s assets
Egyptian Takaful Property and Liability Insurance (EGTAK) has renewed an insurance coverage agreement with mobile…
Crédit Agricole 2016 net profit after tax climbs 32% in Egypt
Crédit Agricole SA says net profit after tax in Egypt for 2016 rose 32 percent y-o-y to record 1.37 billion…
CIB Egypt bank supports entrepreneurs in cooperation with AUC
Powered by the Commercial International Bank-Egypt (CIB), the School of Business at the American University in…
EBRD loans Emirates NBD Egypt $125 mln
The European Bank for Reconstruction and Development (EBRD) signed on February 19th an $125 million subordinated…
BoA Merrill Lynch: Egyptian economy is gaining momentum
With the trade in Egyptian Treasury bills (T-bills) gaining ground, the witnessed drop in T-bill yields at auctions…
Fed seeks to raise rates, based on more growth and fiscal stimulus: Dudley
The Federal Reserve aims to increase U.S. interest rates in the months ahead if the economy continues to grow a bit…
IMF sees Egypt inflation to ease when reform impact wears off
The International Monetary Fund (IMF) said it expects Egypt’s inflation, which jumped to almost 30 percent in…
Lagarde: Egypt is making good progress in IMF programme
Egypt is making good progress in its $12 billion loan programme with the International Monetary Fund and its…
Egyptian banks attract $12.3 billion in inflows since currency float
Banks in Egypt have attracted $12.3 billion in inflows since the country’s pound was floated on November 3rd, a…