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Chad ratifies Afreximbank establishment agreement
President Idriss Deby Itno of Chad, on 30 December 2016, ratified the Agreement on the Establishment of the African…
IMF deal eases Egypt’s market pressure along with other frontier markets: Fitch
IMF support has played an important role in reducing external liquidity risks, medium-term default risks in Egypt,…
Foreign debt reaches $60bn- Egypt’s CBE
Egypt’s external debt has increased by 7.8 per cent, reaching approximately $60 billion by the end of the first…
Fed policymakers agree Trump fiscal boost poses inflation risk
Almost all Federal Reserve policymakers thought the economy could grow more quickly because of fiscal stimulus…
CBE extends tourism sector support initiative until February 2018
The Central Bank of Egypt’s (CBE) board, headed by governor Tarek Amer, decided to extend the period of the…
Egypt to pay $720 million to Paris Club this month
Egypt plans to pay back around $720 million to the Paris Club of creditor countries this month, the central bank…
Bank Audi raises 3 bln Egyptian pounds from high-yield deposit certificates
Egypt’s eighth largest commercial bank, Bank Audi S.A.E., has raised more than 3 billion Egyptian pounds ($165.5…
Egypt receives $1.7 billion in expats’ remittances: c.bank
Remittances from Egyptian expats in November were up 33.2 percent compared to the previous month, a recent report…
South Korea’s Hyundai Rotem offers soft financing for Cairo metro line
South Korean Hyundai Rotem, part of the Hyundai Motor Group, is offering the Egyptian government a soft financing…
Egypt’s FDI up 36% in Q1 – CBE
Net foreign direct investments (FDI) in Egypt increased by 36% in the first quarter of the fiscal year 2016-2017,…