EgyptAir mulls rise in tickets prices following currency float move
State airline EgyptAir is studying increasing its prices for tickets within days following the central bank’s move…
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Central Bank of Egypt
EBRD welcomes Egypt’s currency float and monetary steps
The European Bank for Reconstruction and Development (EBRD) said on Thursday it welcomed the liberalisation of the…
Dollar jumps 138% against Egypt pound since 2011 revolt after float move
As Egypt’s central bank announced Thursday it floated the Egyptian pound, experts estimated that dollar has climbed…
IMF welcomes Egypt’s currency float move
The International Monetary Fund (IMF) has welcomed Egypt's decision to float its pound currency, it said in a…
NBE, Banque Misr, Banque du Caire to offer two certificates of deposits at 20%
Egypt’s three largest state-owned banks, National Bank of Egypt, Banque Misr, Banque Du Caire will offer 18-month…
Business tycoon Sawiris hails Egypt currency floating move
Egyptian business tycoon Naguib Sawiris, chairman of Orascom Telecom Media & Technology (OTMT), has hailed the…
Gulf currencies climb on Egypt currency float
Gulf currencies have rallied against the Egyptian pound in massive early trade on Thursday after Egypt’s central…
Emirates NBD bank set up specialized financing unit for SMEs
Middle East’s largest bank by assets, Emirates NBD has announced the establishment of a specialized unit for…
Parliament approves law moving Agriculture Bank under CBE’s authority
The Egyptian parliament approved a law that would oversee the transfer of authority over the Principal Bank for…
Egypt selects EFG-Hermes and HSBC as consultants for Banque du Caire IPO
Egypt has selected EFG-Hermes and HSBC as consultants for the state bank Banque Du Caire’s planned initial public…
