BoA Merrill Lynch: Egyptian economy is gaining momentum
With the trade in Egyptian Treasury bills (T-bills) gaining ground, the witnessed drop in T-bill yields at auctions…
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Fed seeks to raise rates, based on more growth and fiscal stimulus: Dudley
The Federal Reserve aims to increase U.S. interest rates in the months ahead if the economy continues to grow a bit…
Egyptian banks attract $12.3 billion in inflows since currency float
Banks in Egypt have attracted $12.3 billion in inflows since the country’s pound was floated on November 3rd, a…
IFC approves $100 million loan for Egypt’s AAIB bank
The International Finance Corporation (IFC), a member of the World Bank Group, approves to provide Egypt’s Arab…
Banque Misr net profit hits new record in FY2015-16: sources
Egypt’s second biggest bank, state-owned Banque Misr has reported record net profits during the financial year…
AfDB to approve third $500 mln loan tranche to Egypt this year – official
The African Development Bank will disburse the third tranche, worth $500 million, of a $1.5 billion loan package to…
Fed’s Fischer cites ‘significant uncertainty’ about fiscal policy under Trump
U.S. Federal Reserve Vice Chair Stanley Fischer said there was significant uncertainty about U.S. fiscal policy…
JP Morgan says these sectors will make 2017 a busy year for global M&A
A busy year from merger and acquisition (M&A) plays is expected even with China clamping down on capital…
EGB eyes 1 bln pounds in Egypt household gas connection finances by 2020
Cairo-based Egyptian Gulf Bank is seeking to raise its financing for household gas connection projects to one…
Egypt seals deal with AfDB to restructure state’s social lender
Egypt's International Cooperation Minister Sahar Nasr signed on Thursday a grant deal with the African Development…