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Money
Kuwait Insurance board to discuss setting up new unit in Egypt
The board of Kuwait Insurance Company will meet on Sunday to discuss setting up a new subsidiary in Egypt.
World Bank: Egypt’s real GDP to grow 5.5% in FY 2022/23
Egypt’s real gross domestic product (GDP) will grow 4.5 percent in the financial year 2021/2022 – down from…
Egypt’s United Bank secures Afreximbank $600 million loan to support SMEs – sources
African Export-Import Bank (Afreximbank) will loan Egypt’s United Bank $600 million for on-lending to support small…
Egypt’s two biggest banks partner to form urban development JV
Egypt’s two biggest state banks, the National Bank of Egypt (NBE) and Banque Misr have set up a new joint venture…
Egypt’s parliament approves sovereign sukuk law
Egypt’s parliament approved on Sunday a draft law to issue sovereign sukuk that aimed at up the state's financial…
EBRD loans NBE $100 million to support Egyptian SMEs
The European Bank for Reconstruction and Development (EBRD) is lending the National Bank of Egypt (NBE) $100…
Foreign investments in Egyptian treasuries hit $20.79 billion at end April
Foreign investments in Egyptian treasuries rose to $20.79 billion at the end of April, according to recent central…
Four insurers lining up to cover assets of Egypt’s top cigarette maker
Four Egyptian insurers are vying to win an insurance policy tender to cover the assets and properties of Egypt’s…
NBK Egypt bank signs deal with Gama for New Capital branch
The National Bank of Kuwait – Egypt (NBK Egypt) has signed a deal with Gama Construction for a new branch in…
Egypt’s external debt rises to $129.1 billion in Q2 of FY 2020/2021
Egypt’s external debt increased to $129.1 billion in the second quarter of the current financial year 2020/2021…