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IMF chief says already engaged with Egypt to safeguard vulnerable people, businesses
International Monetary Fund’s (IMF) Managing Director Kristalina Georgieva said the fund is already engaged in…
Egypt’s net foreign reserves increase to $40.993 billion in February
Egypt’s net foreign reserves increased to around $40.993 billion at the end of February from $40.980 billion at the…
Egypt’s Amer Group profit jumps 226% in 2021
Egyptian real estate firm Amer Group reported on Wednesday a 226 percent year-on-year surge in consolidated profit…
Egypt’s anticipated biggest IPO to take place within two years – official
Egypt plans to sell stake in the state company behind its new capital city, Administrative Capital for Urban…
HSBC, Citi among banks to manage Egypt’s first Islamic bonds
Egypt has named six international banks, including Citigroup and HSBC Holdings, to manage its first sale of…
Remittances from Egyptians abroad climb 6.6% y-o-y in first 11 months of 2021
Remittances from Egyptians working abroad rose by 6.6 percent year-on-year from January to November 2021 to $28.9…
Egypt’s Commercial International Bank net profit at EGP 13.2 billion in 2021
Commercial International Bank (CIB), one of Egypt’s largest private banks, reported on Tuesday a net profit worth…
Egypt’s central bank launches new initiative for imports
Egypt’s central bank has launched on Tuesday a new initiative to guarantee import operations through covering risks…
Egypt’s Banque Misr gets $250 million loan from gulf banks
Egypt’s second largest public bank Banque Misr has secured a loan of about $250 million from a consortium of gulf…
GGF fund provides first tier II capital in Egypt to Banque du Cairo
Banque du Cairo has secured a $30 million loan from the Green for Growth Fund (GGF) to strengthen the bank’s…