Banque Misr: high-yield deposit certificates raise EGP110 bln after pound float
Egypt’s second biggest bank, state-owned Banque Misr has raised around 110 billion Egyptian pounds ($6.05 billion)…
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Egyptian Pound
Fitch says currency risk still threatens Egyptian banks’ solvency
Some Egyptian banks are still at risk of struggling to meet minimum regulatory capital requirements as a…
Egypt’s foreign reserves hit six-year high in March
Egypt's foreign reserves surged to $28.5 billion at the end of March, the highest level since March 2011, a cabinet…
Egypt a major investment destination after after pound floatation: Qalaa
Egypt has become among the most important countries for foreign investments after it floated its currency last…
Egypt lowers customs dollar exchange rate to 16.5 pounds in April
Egypt will set its customs exchange rate to around 10 percent below the market price of the dollar for April in an…
Egypt home prices rise 35% in Q1 after pound float move: Aqarmap
Egyptian real estate recorded a 9 percent increase in house prices during November, following the floatation of the…
EFG Hermes reaches $1.5 billion in assets under management in FY2016
Egypt’s EFG Hermes, one of the Middle East’s largest investment banks, reached $1.5 billion in assets under…
EBRD planning €1 billion investments in Egypt this year after pound float
The European Bank for Reconstruction and Development expects to invest about 1 billion euros ($1.1 billion) in…
Deposits at Egypt banks rise 22.04% in November after pound float
The total volume of deposits at banks operating in Egypt hiked to 2.714 trillion Egyptian pounds ($150.3 billion)…
IMF delegation to visit Egypt from April 28 to May 8 – FinMin
A delegation from the International Monetary Fund (IMF) will visit Egypt from April 28 to May 8, Reuters quoted…