Egypt’s participation in G20 a step to boost its ailing economy: experts
China's invitation to Egypt for the Group of 20 (G20) summit, which will take place in Hangzhou this September,…
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Egyptian economy
Emirates NBD raises SMEs share in Egypt lending portfolio to 25%
UAE-based bank Emirates NBD has boosted its credit portfolio for small and medium-sized businesses in Egypt to 25…
National Bank of Egypt bets on giant national projects
The capital base of Egypt’s biggest public lender, National Bank of Egypt (NBE) currently exceeds 32 billion…
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…
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…
