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…
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Egyptian economy
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…
CI affirms Egypt’s sovereign ratings at ‘B-‘
Capital Intelligence (CI), the international credit rating agency, announced Saturday that it has affirmed Egypt's…
New Egypt bank rules to spur business lending and growth
Egypt's central bank said Monday it had amended credit market rules to encourage banks to lend to a wider range of…
Egypt is ‘suffering’ due to high fuel subsidies: oil minister
Egypt’s petroleum minister stated Monday that the country is “suffering” due to fuel subsidies, saying these funds…
Decline in Egypt business activity slows in December-PMI
Business activity in Egypt shrank for the third month in a row in December, a survey showed, though at a slower…
Sisi’s Long Live Egypt Fund receives $767 million commitments
The Tahya Masr (Long Live Egypt) Fund, originally initiated by President Abdel Fattah al-Sisi to support national…
HSBC Egypt plans capital increase in few days
HSBC Holdings PLC has approved to give a support for its Egyptian unit’s capital through retained earnings, CEO and…
World Bank’s loan gives credibility to Egyptian economy: PM
Egyptian Prime Minister Sherif Ismail said Monday that the World Bank's approval of a three-billion-dollar loan…
Al Baraka Bank Egypt to launch 3-year saving certificates early 2016
Al Baraka Bank – Egypt, part of the Bahraini Al Baraka Group, seeks to offer a new high-yield saving certificate in…
