Afreximbank, Banque Misr to sign $200 mln financing deal this month
Egypt’s second largest bank, state-owned Banque Misr is expecting to receive this month a $200 million financing…
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Suez Canal Bank appoints Hussein Refaie as new chair
Egypt’s Suez Canal Bank has appointed Hussein Refaie, chief financial officer at the country’s biggest public…
Remittances from Egyptians abroad rise to $8 billion in 5 months
Remittances from Egyptian expats have climbed 13.8 percent at the end of March since the country floated the pound…
Trump is actively considering breaking up big banks: Bloomberg TV
U.S. President Donald Trump stated that he was actively considering breaking up big banks, Bloomberg Television…
Egypt central bank postpones interest rate decision to May 21 amid IMF debate
Egypt’s central bank decided to postpone its next monetary policy meeting on interest rates until Sunday, May 21,…
Egypt’s Suez Canal Bank elects new board
The general assembly of Egypt’s Suez Canal Bank has elected on Sunday a new board of directors for a three-year…
Ron Paul says Fed actions will soon cause a long-overdue correction
Former Texas Congressman Ron Paul, who has run for president several times, is predicting that the Federal…
CBE: Egypt cancels seven-year T-bond sale
Egypt cancelled Sunday a 7-year Treasury bonds sale at an auction, data from the country’s central bank (CBE)…
Egypt keeps customs dollar exchange rate at 16.5 pounds in May
Egypt has kept the customs dollar exchange stead at 16.5 pounds per dollar, effective as of May 1st, the Ministry…
Afreximbank, NBE sign $300 mln facility to support Egypt industrialization
The African Export-Import Bank (Afreximbank) has provided Egypt’s largest public lender National Bank of Egypt…