AAIB bank, Germany’s SANAD Fund team up to form Egyptian microfinance firm
Cairo-based Arab African International Bank (AAIB) and SANAD Fund for MSMEs, part of the German state-run Kfw…
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World Bank, IFC delegation to visit Egypt next week: minister
A senior delegation of the World Bank Group and the International Finance Corporation (IFC) will visit Egypt next…
Egyptian banks sold $21 billion to cover imports since pound float – c.bank
Egyptian banks have provided $21 billion to cover import payments since the central bank devalued pound on November…
World Bank: ongoing works on four Egyptian waste management, energy schemes
The World Bank is currently working on four initiatives for agricultural waste management and solar energy in two…
Egypt’s pound shows Nigeria must overcome its fear of floating free – Reuters
A currency devaluation may do little to fix Nigeria's problems unless it follows the examples of emerging market…
Egypt receives $5 bln in expats’ remittances in 3 months since pound float
Remittances from Egyptian expats rose 19.7 percent to record $5 billion during the period from November 2016 until…
EFG Hermes in final stage to acquire Pakistani brokerage house
Egypt-based investment bank EFG Hermes is nearing to acquire Pakistan’s listed brokerage house Invest & Finance…
EBRD raised €700 million for Egypt private sector in 2015, 2016
The European Bank for Reconstruction and Development (EBRD) had provided financing of around €700 million ($740.6…
Lebanon’s Bank Audi names Abbas Fayed new CEO in Egypt
Bank Audi SAE, Egypt’s eighth largest commercial bank and the Egyptian arm of Lebanon’s Bank Audi, announced Sunday…
World Bank delegation to visit Egypt in first half of March – minister
A senior delegation of the World Bank Group will be visiting Egypt in the first half of March to hear more about…