Guides & Analytics
Egypt Offers Banks US$75 Mln At Maiden Foreign Currency Auction
The Central Bank of Egypt (CBE) said it was offering $75 million at its first foreign currency auction on Sunday, with a maximum $11 million per bank.The auction is…
Piraeus Bank Egypt’s Loans Down To 3.9 Bln By End Of Q3
Piraeus Bank Egypt’s portfolio of loans and credit facilities dropped by 2.14% to reach EGP 3.9 billion at the end of last September, compared to EGP 4.1 billion at…
Egypt’s Central Bank: Reserves At “Critical” Level
The Central Bank of Egypt says the country's foreign currency reserves are at a "critical" minimum level. The bank says reserves are at the minimum level needed to…
5 Banks To Sign Finance Agreement With Egyptian Steel Group Next February
Société Arabe Internationale de Banque (SAIB), United Bank and Egyptian Arab Land Bank (EALB) have approved to contribute to the EGP 1.07 billion loan arranged by…
QNB Group: Developing East Asia Holds The Economic Bright Spots For 2013
The Global economic outlook continues to be revised downwards for 2013, due to weaker growth in advanced economics, especially the Euro Area. However, forecasts for…
Gaza Construction Convoy Crosses From Egypt
Egypt has allowed a shipment of construction materials to enter the Gaza Strip from its territory for the first time since 2007. A convoy of trucks carrying…
CBE To Start Foreign Exchange Auctions As Reserves Plunge
The Central Bank of Egypt (CBE) will start foreign-exchange auctions today in order to preserve foreign reserves after they plunged to “minimum and critical”…
Morsi Urges Egypt Opposition To Cooperate On Reviving Economy
Egyptian President Mohamed Morsi called on the opposition to work alongside the government to stabilize the country, revive the economy and end violence. The…