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Financial Institutions
Fitch: Egypt IMF deal ‘credit positive’ but high implementation risks loom
Securing an International Monetary Fund (IMF) funding deal would be credit positive for Egypt, but implementation…
Misr Insurance wins Egyptian Nitrogen Products’ $1.1 bln policy bid
Egypt’s Misr Insurance Company has won an insurance policy bid for the assets of the Egyptian Nitrogen Products…
Finance minister says Egypt’s external debt to hit $53.4 billion with IMF loan
Egypt's finance minister said in a television interview Sunday that Egypt's external debt would reach $53.4 billion…
No preconditions on IMF’s Egypt loan; Cairo says
The International Monetary Fund (IMF) has not imposed any preconditions on Egypt in order to carry out a mooted $12…
Morgan Stanley forewarns currency traders worst to come for Dollar
The dollar is set to fall 5 percent in the next few months, the Federal Reserve isn’t raising interest rates…
Egypt leasing activity grows 12% in H1
Leasing activities in Egypt recorded a 12 percent y-o-y rise throughout the first half of 2016, head of the…
CBE issues treasury bills worth 9.7 bln Egyptian pounds
Egypt’s central bank is issuing Sunday treasury bills worth 9.7 billion Egyptian pounds ($1.1 billion) to fill the…
Egypt’s Paradigm Invest concludes 3 deals in favour of Arab investors
Paradigm Invest Financial Consultation, an economic consulting firm, will conclude three new deals in the Egyptian…
Kuwait secures $119 mln for East Port Said desalination plant project
Egypt signed Saturday an agreement worth KWD 35 million ($119 million) with Kuwait Fund for Arab Economic…
IMF admits blindly backing Euro project, apologises for the immolation of Greece
The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments…