AfDB disburses second $500 million loan tranche to Egypt
The African Development Bank (AfDB) has disbursed a $500 million loan to Egypt, the bank's representative in Cairo,…
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EIB, Egypt sign €115 million Gulf of Suez wind farm financing deal
Egypt has signed Tuesday a €115 million ($125 million) agreement to finance its wind farm project in Gulf of Suez…
EFG Hermes reaches $1.5 billion in assets under management in FY2016
Egypt’s EFG Hermes, one of the Middle East’s largest investment banks, reached $1.5 billion in assets under…
Gulf deposits to Egypt sharply fall to $2 bln in 2016: official
Deposits from the Gulf to Egypt’s central bank (CBE) have fallen to record $2 billion during 2016, from $31 billion…
Egypt’s NBE bank says sold $7.5 bln to cover imports since pound float
Egypt’s biggest lender, the state-owned National Bank of Egypt has provided $7.5 billion to cover import payments…
Egypt’s NBE bank negotiating for a stake in EBRD-led green financing facility
Egypt’s biggest lender, the state-owned National Bank of Egypt (NBE) is negotiating a new funding from four…
Lebanon’s Blom Bank: 2016 profits rise 44.9% in Egypt
Blom Bank Egypt, the Egyptian arm of Lebanon’s bank Blom, says profits have risen 44.9 percent to record 539…
Russia’s central bank cuts key rate to 9.75%
Russia's central bank cut on Friday its key rate to 9.75 percent and signalled more cuts would probably follow as…
Euro zone PMIs show business activity records its highest level since April 2011
Euro zone businesses surged during March at their fastest pace since April 2011, according to survey data released…
Egypt negotiating third tranche of $3 billion World Bank loan: minister
Egypt is negotiating the third and final $1 billion tranche of a $3 billion World Bank loan to support a government…