EFG Hermes Q1 net profit 201% up on recovery in regional markets
Egyptian investment bank EFG Hermes reported Monday a 201 percent rise in first quarter net profit after tax and…
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No plans to demonetize Egyptian pound or redesign currency: central bank
Egypt will neither launch a new currency exchange mechanism nor have a new design for the current currency, the…
Consortium plans EGP13.5 bln loan for Egypt Petroleum Corp
A consortium of nine Egyptian banks is set to secure 13.5 billion Egyptian pounds ($745.8 million) to finance the…
Egypt’s NBE Bank pumps 900 mln pounds in two property developer loans
Egypt’s biggest lender, the state-owned National Bank of Egypt (NBE) has approved to invest 900 million Egyptian…
EBRD approves $11 million loan for Egyptian petrochemical project: minister
The European Bank for Reconstruction and Development (EBRD) has approved a $11 million loan for Egyptian…
SAIB Bank removes curbs on Egyptians’ use of credit cards abroad
Egypt's Societe Arab Internationale de Banque (SAIB) has removed Sunday all the curbs imposed on the Egyptians’ use…
IMF release of second payment shows confidence in Egypt’s economy: official
The International Monetary Fund (IMF) agreement to release the second tranche of a 12-billion US dollar loan to…
Foreign investment in Egypt treasury bills jumps to six-year high
Foreign investment in Egyptian government’s treasury bills is reaching its highest levels in six years since 2011…
Bank of England keeps interest rates on hold, cuts growth forecast modestly
The Bank of England sent on Thursday a mixed message on the future pace of interest rate rises ahead of next…
Egypt’s annual core inflation eases slightly to 32.06% in April
Egypt's annual core inflation eased slightly to 32.06 percent in April, down from 32.25 percent in March and 33.10…