NBE Mulls EGP500 million Financing Package for Contracting Firms
The state-owned National Bank of Egypt is considering an EGP500 million ($71.7 million) package of credit…
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BREAKING: Egypt’s Foreign Reserves Up at $17.414 billion in March
Egypt’s foreign reserves increased to $17.414 billion in March from $17.307 billion in February, the central bank…
World Bank Trims China, East Asia 2014 Growth Forecasts
The World Bank trimmed its 2014 growth forecast for developing East Asia but said the region's economies were…
ADIB Egypt: Net Positive Income Hit EGP103mn for 1st Time Since 2007
Abu Dhabi Islamic Bank (ADIB) – Egypt announced on Sunday its financial results for the year ending 31st December…
Scotiabank Mulls Egypt Market Exit – Sources
Bank of Nova Scotia – Scotiabank is considering to end its banking activities in Egypt’s market, high-profile…
Egypt’s Planning in Athens to Discuss EIB’s Mediterranean Investment Strategy
Minister of Planning and International Cooperation Ashraf El-Araby headed to Athens on Tuesday to participate in…
World Bank Grants Egypt $300 million Loan
The World Bank member states agreed on Tuesday to grant Egypt a loan of $300 million in order to finance small and…
Egypt’s Foreign Reserves Rose to around $17.420 bln in March- C.Bank Head
Egypt's foreign reserves rose to around USD 17.420 bln in March from USD 17.307 bln in February, central bank…
Egypt Covers All Dollar Backlogs for Foreign Investor Repatriations
Egypt's Central Bank said on Tuesday it had covered the entire backlog of dollars owed to foreign investors seeking…
India Leaves Key Interest Rate Unchanged at 8%
India's central bank on Tuesday left its benchmark interest rate unchanged at 8 percent in a widely anticipated…