CBE: Egypt’s foreign reserves rise to $36.703 bln at end-Oct.
Egypt’s foreign reserves surged to $36.703 billion at the end of October from $36.535 billion at the end of…
Browsing Tag
Banks news
Egypt settles $1 billion Turkey debt dated back to ex-president Morsi’s tenture
Egypt has paid off the $200 million final instalment of a $1 billion loan it secured from Turkey in 2012 during…
Bank Audi Egypt raises $1.2 billion since pound float decision
Bank Audi SAE, Egypt’s eighth largest commercial bank and the Egyptian arm of Lebanon’s Bank Audi, has collected…
National Bank of Kuwait-Egypt 9-month profits rise 75.5%
The National Bank of Kuwait-Egypt made 1.160 billion Egyptian pounds ($65.8 million) in profits in the first nine…
China’s c.bank chief calls Beijing to promote equity, cut debt, eliminate…
China's central bank chief spelled out his strategy to prevent a future financial crisis, urging broadened equity…
Egypt pays off by floating local currency in economic reform – experts
The relative growth of foreign investment and the sharp decline of foreign exchange black market are among the…
Suez Canal Bank has provided $300 mln to fund trade since currency float
Egypt’s Suez Canal Bank has provided around 300 million to fund trade since the country floated its currency in…
Egypt’s two largest state banks raise $23 bln since pound float decision
National Bank of Egypt (NBE) and Banque Misr, the country's largest state banks, have collected around $23 billion…
Anniversary of Egypt pound floating has lessons for currency baby-sitters
Egypt’s transition from a struggling economy to one of Africa’s revival stories throughout 12 straight months is…
Egypt government spent $5.65bn over-budget in 2016-17 due to currency float
Egypt’s government spent over 100 billion Egyptian pounds ($5.65 billion) more than it planned to in the 2016-17…
