Beleaguered tourism industry drives Egypt to cancel AfDB $140 mln loan
Egypt has cancelled a $140 million loan signed with the African Development Bank (AfDB) to upgrade Sharm El-Sheikh…
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Egyptian economy
Insurance Federation of Egypt raises contributions to Sisi’s fund to $376k
Insurance Federation of Egypt announced Thursday a decision to commit a third contribution to Long Live Egypt…
Egypt’s foreign reserves surge to highest in 8 months
Egypt’s foreign reserves inched up to the highest since August after the country’s cash savings grew. Net…
World Bank: Egypt always ‘committed’ to repay bank loans even in hardest times
When it comes to repay loans on time, Egypt has been always committed to pay the World Bank loans upon agreed…
AmCham-Egypt mission knocks U.S. doors, concurs to IMF-WB Spring Meetings
A delegation of around 40 top-level executives representing businesses in Egypt will start Sunday their visit to…
Emirates NBD signs $225mn loan for two Egyptian power projects
Emirates NBD Egypt signed a 2 billion Egyptian pounds ($225.25 million) loan with state-run Egyptian Electricity…
Egyptian pound weakens to record low against dollar on black market
The Egyptian pound dropped to an unprecedented low on the black market Monday, five traders said, as hard currency…
Top 50-Most influential women to hold first meeting on March 28
Egypt's newly founded Top50-most Influential Women Forum will hold its first meeting on March 28, 2016. Members of…
Billionaire Naguib Sawiris’ investment banking foray bets on Egypt revival
Egyptian billionaire Naguib Sawiris is expecting his acquisition of two investment banks to pay off with the…
Egypt central bank to hold exceptional $500 million FX auction Sunday
Egypt's central bank announced Sunday it would hold an exceptional auction for $500 million, pumping more foreign…