Egypt keeps customs dollar exchange rate at 16 pounds for January
Egypt will keep its customs dollar exchange rate steady at 16 pounds for January, the finance ministry said in a…
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Egypt’s Arab Investment Bank 2017 net revenues grow 15%
Egypt’s Arab Investment Bank (AiBK) says its full-year net revenue has grown 15 percent from a year ago, reaching…
Afreximbank studying $50 mln SME loan for Egypt’s United Bank
The Africa Export-Import Bank (Afreximbank) is studying lending Egypt’s state-run United Bank around $50 million to…
Venezuela government says an oil-backed cryptocurrency to launch in days
Venezuela's cryptocurrency will launch within days and be backed by 5.3 billion barrels of oil worth $267 billion,…
Fed could surprise markets with more interest rate increases than expected: economists
Wall Street economists are warming to the idea that the U.S. Federal Reserve may hike interest rates four or more…
Egypt pays off $2 bln of debt in December
Egypt’s central bank repaid about $2 billion in debt to international bodies in December, state-run MENA news…
Sudan, Saudi Arabia reportedly to restore banking ties
Sudan and Saudi Arabia have agreed to re-establish banking relations, the official Sudanese news agency SUNA…
Banque Misr’s Islamic finances hit 6 bln pounds in FY2016/17
Egypt’s second-largest state bank, Banque Misr says its Islamic financing portfolio has grown to 6 billion Egyptian…
Banque Misr mulling giant funding for Egypt infrastructure sectors
Egypt’s second-largest state bank, Banque Misr is considering raising around 33.3 billion Egyptian pounds ($1.8…
EBRD, Egypt sign $200 mln energy efficiency funding deal
The European Bank for Reconstruction and Development has signed Wednesday a $200 million loan agreement to finance…
