Banks Beleaguered tourism industry drives Egypt to cancel AfDB $140 mln loan Yomna Yasser Jun 28, 2016 0 Egypt has cancelled a $140 million loan signed with the African Development Bank (AfDB) to upgrade Sharm El-Sheikh…
Financial Institutions Insurance Federation of Egypt raises contributions to Sisi’s fund to $376k Yomna Yasser May 5, 2016 0 Insurance Federation of Egypt announced Thursday a decision to commit a third contribution to Long Live Egypt…
Banks Egypt’s foreign reserves surge to highest in 8 months Yomna Yasser May 5, 2016 0 Egypt’s foreign reserves inched up to the highest since August after the country’s cash savings grew. Net…
Banks World Bank: Egypt always ‘committed’ to repay bank loans even in hardest times Yomna Yasser Apr 21, 2016 0 When it comes to repay loans on time, Egypt has been always committed to pay the World Bank loans upon agreed…
Industry & Trade AmCham-Egypt mission knocks U.S. doors, concurs to IMF-WB Spring Meetings Yomna Yasser Apr 17, 2016 0 A delegation of around 40 top-level executives representing businesses in Egypt will start Sunday their visit to…
Banks Emirates NBD signs $225mn loan for two Egyptian power projects Yomna Yasser Apr 11, 2016 0 Emirates NBD Egypt signed a 2 billion Egyptian pounds ($225.25 million) loan with state-run Egyptian Electricity…
forex news Egyptian pound weakens to record low against dollar on black market Yomna Yasser Mar 28, 2016 0 The Egyptian pound dropped to an unprecedented low on the black market Monday, five traders said, as hard currency…
Egypt News Top 50-Most influential women to hold first meeting on March 28 Yomna Yasser Mar 20, 2016 0 Egypt's newly founded Top50-most Influential Women Forum will hold its first meeting on March 28, 2016. Members of…
Banks Billionaire Naguib Sawiris’ investment banking foray bets on Egypt revival Yomna Yasser Mar 7, 2016 0 Egyptian billionaire Naguib Sawiris is expecting his acquisition of two investment banks to pay off with the…
Banks Egypt central bank to hold exceptional $500 million FX auction Sunday Yomna Yasser Mar 6, 2016 0 Egypt's central bank announced Sunday it would hold an exceptional auction for $500 million, pumping more foreign…