Egypt Central Bank Seen Keeping Rates on Hold as Inflation Eases
Egypt's central bank is expected to keep interest rates on hold on Thursday as inflationary pressure begins to ease…
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Citigroup Pulls Consumer Banks from Egypt and Other Markets
Citigroup Inc said on Tuesday it would exit consumer banking in 11 more markets, as the most international of the…
World Bank: Current Reforms in Egypt ‘Positive and Promising’
Managing Director and Chief Executive Officer at the World Bank (WB) Sri Mulyani Indrawati said on Sunday the…
Misr Iran Bank: Profits Hit EGP229 million in 9 Months
Misr Iran Development Bank (MIDB) announced Thursday its profits hit EGP 229 million during the first nine months…
Egyptian Arab Land Bank: Al Masry Fund Records EGP77mn Net Profits
The Egyptian Arab Land Bank announced Thursday its mutual fund ‘Al Masry’ recorded a net profit of EGP 77 million…
EFG-Hermes Acquires 49% Stake in EDPR France in $208 million Deal
Egypt’s leading investment bank EFG-Hermes Holding announced Wednesday that its private equity arm has signed a…
World Bank Preps $1bn Financing Strategy with Egypt
The World Bank Group is preparing a four-year strategy to contribute to Egyptian projects, at an initial cost over…
East Delta Electricity Company Studies 3 New Funding Bids
East Delta Electricity Production Company (EDEPCO) is holding next month its annual meeting to discuss three offers…
Polygon Hosts CIB-Egypt’s Second Branch in SODIC West
Commercial International Bank – Egypt (CIB) inaugurated its newest branch at The Polygon Business Park this month.…
Eurozone Inflation Hits Five-Year Low in September
The annual rate of inflation in the eurozone fell further below the European Central Bank's target in September,…