Netherlands Solid Capital’s Egypt unit in talks to buy brokerage firm this year
Cairo-based investment bank SOLID Capital, part of Dutch venture capital firm Solid Capital Partners Worldwide…
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National Bank of Egypt wants to boost SME financing by 20% this year
Egypt’s biggest lender, the state-owned National Bank of Egypt is seeking to increase funding for the country’s…
FinMin sees Egypt monthly inflation rate to stabilise within 4 months
Egypt expects the monthly inflation rate to stabilise within four months at between 1-1.25 percent, Egyptian…
Egypt central bank says $57 bln cash flow into banks in 8 months – paper
Cash inflows into Egypt's banking system totalled more than $57 billion since Egypt floated its currency in early…
National Bank of Egypt FY17 net profit hit 12 bln pounds: source
Egypt’s biggest public lender, National Bank of Egypt has made a net profit exceeded 12 billion Egyptian pounds…
Egypt sees interest rate hike as temporary to control inflation: Deputy FinMin
Egypt's deputy finance minister for treasury said Saturday he expected higher interest rates to be temporary…
5 Egyptian public banks approve new funding for micro-sized project initiative
Five Egyptian state-run banks have approved a financing worth 3.09 billion Egyptian pounds ($172.8 million) for…
BADEA bank earmarks $200 mln for Egypt-Africa economic cooperation
The Arab Bank for Economic Development in Africa (BADEA) is allocating $200 million to support the Egyptian-African…
Egypt’s foreign reserves hike to $31.305 billion at end-June
Egypt’s foreign reserves hiked to $31.305 billion at the end of June from $31.125 billion at the end of May, the…
China’s state-owned banks sell dollars onshore to back the yuan
Chinese state-owned banks were seen selling on Tuesday dollars at the 6.80 yuan per dollar level in the onshore…