Banque Misr signs $200 million SME financing deal with Afreximbank
Egypt’s second largest bank, state-owned Banque Misr says it has signed a $200 million financing facility agreement…
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China-led AIIB bank to discuss Egypt loan request in Sept: minister
The China-initiated Asian Infrastructure Investment Bank (AIIB) will start discussing in September an Egyptian…
Egypt’s CIB seeks to raise its capital by 25%
Egypt's largest listed bank, Commercial International Bank (CIB), will seek approval to issue bonus shares to raise…
Egypt signs €290 mln deal with EBRD to purchase 100 locomotives
Egypt and the European Bank for Reconstruction and Development (EBRD) signed Monday a €290 million ($324 million)…
AfDB hopes to conclude Egypt $500 tranche loan measures before year-end
The African Development Bank (AfDB) hopes to complete all measures related to the disbursal of the third $500…
Remittances from expatriate Egyptians surge 11.1% since pound float
Remittances from Egyptian expats have risen by 11.11 percent during the period between the currency float in…
Egypt central bank not considering bitcoin adoption
Egypt’s central bank is not considering allowing banks to deal with bitcoins, the Central Bank of Egypt (CBE) said…
Banque Misr named Africa’s best project finance house
Egypt's second-largest state bank, Banque Misr, has won the EMEA Finance’s award for the best project finance house…
Trump owes $315 million to American, German lenders
U.S. President Donald Trump had personal liabilities of at least $315.6 million to German, US, and other lenders as…
Bank of England keeps interest rates unchanged
The Bank of England (BOE) held on Thursday interest rates steady at 0.25 percent, though an unexpected rise in…