Egypt’s Naeem reaches $500 million in assets under management in 2016
Cairo-based investment house, Naeem Holding reached $500 million in assets under management at the end of 2016,…
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Banque Misr in talks with EIB, Afreximbank for $700 million funding
Banque Misr, Egypt’s second largest state lender, is negotiating a $700 million loan from the European Investment…
World Bank delegation to visit Egypt in ‘few weeks’: minister
A senior delegation from the World Bank will be visiting Egypt in the coming few weeks to follow up its projects,…
Fitch says currency risk still threatens Egyptian banks’ solvency
Some Egyptian banks are still at risk of struggling to meet minimum regulatory capital requirements as a…
Egypt’s foreign reserves hit six-year high in March
Egypt's foreign reserves surged to $28.5 billion at the end of March, the highest level since March 2011, a cabinet…
World Bank keen to continue in cooperative programmes with Egypt: chief
The World Bank is keen to continue in implementing cooperative programmes with Egypt and developing consultation…
Egypt’s net FDIs surge 29% in Q4: CBE
Egypt’s net foreign direct investments (FDIs) surged 29 percent in the fourth quarter of 2016, a recent report by…
EBRD loans Egyptian Gulf Bank $20 million to boost Egypt SMEs
The European Bank for Reconstruction and Development (EBRD) has provided the Egyptian Gulf Bank a $20 million loan,…
Egypt lowers customs dollar exchange rate to 16.5 pounds in April
Egypt will set its customs exchange rate to around 10 percent below the market price of the dollar for April in an…
Egypt central bank keeps key interest rates ‘unchanged’
Egypt's central bank has left on Thursday its key interest rates unchanged at a meeting of its Monetary Policy…