AfDB team in Cairo next September to receive final disbursal of $1.5bn loan
An African Development Bank (AfDB) delegation will arrive in Cairo next September for a mid-term review required…
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SAIB-Egypt bank H1 profits fall 24%
Egypt’s Societe Arab Internationale de Banque (SAIB) reported a 24 percent fall in its first half profits between…
Saudi central bank says it did not instruct banks to stop dealing in Qatari Riyals
The Saudi Arabian Monetary Agency debunked on Saturday reports circulating on social media saying that it has…
Egypt’s first bitcoin exchange to commence trading this month
Egypt's first bitcoin exchange will go live later this month, the founders of Bitcoin Egypt announced, linking the…
Central bank of Egypt keeps key interest rates ‘unchanged’
Egypt's central bank kept on Thursday its key interest rates unchanged at a meeting of its monetary policy…
EBRD, Green Climate Fund team up for Egypt’s $1 billion renewable energy project
The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) have joined forces to…
Yemen central bank floats currency of war-torn country
The central bank of Yemen announced Tuesday it had floated the national currency, instructing banks to follow the…
Egypt negotiating EBRD for wastewater management loan
Egypt is negotiating for a new financing assistance from the European Bank for Reconstruction and Development…
Crédit Agricole says H1 net profit grows 49.8% in Egypt
Crédit Agricole SA says first-half net profit in Egypt rose 49.8 percent from a year ago to record 941.04 million…
Inflation in Egypt likely to ease to less than 15% in Q4 FY 2017/18: report
Egypt’s inflation is likely to ease towards less than 15% in the fourth quarter (Q4) of the financial year 2017/18,…