EFG-Hermes: Egypt financial leasing to pick up on the long run
Egypt’s financial leasing industry faces short-term challenges but will be able to pick up pace on the long run,…
Browsing Tag
Egypt’s Dollar Shortage
Egypt receives first $1 billion tranche of World Bank loan
Egypt announced on Friday that it had received the first $1 billion tranche of a $3 billion three-year loan from…
Egyptian lender CIB lowers limits once again on debit cards
Egypt's largest listed bank, Commercial International Bank (CIB), has tightened limits on pound-linked debit cards…
Egypt central bank shuts down so far 47 currency exchange bureaus
Egypt’s central bank has shut down and revoked the licences of 47 foreign exchange bureaus so far after finding…
Sisi: Egyptians ‘very soon’ will be able to get dollars at one rate
Egyptians will "very soon" be able to purchase U.S. dollars at a unified rate, state television quoted the…
Emirates NBD Egypt reverses move to suspend credit, debit card use abroad
Emirates NBD Egypt has cancelled a decision taken earlier to suspend use of debit and credit cards abroad, its…
Shares in Egypt tumble 0.4% as dollar crisis bites
Egypt’s stock market traded lower on Tuesday; main index, EGX30 fell 0.42 percent, to 7596.96 points. Sentiment…
Emirates NBD Egypt Bank suspends credit, debit card use abroad on dollar shortage
Emirates NBD Egypt is suspending use of debit and credit cards abroad, a control intended to keep hard currency…
Moody’s bets on foreign investments in Egypt to ease dollar shortage
Despite warning about the pressures on foreign currency liquidity resulting from the dollar shortage, Moody’s has…
Cairo main index climbs 8% in week after c.bank move
Egypt’s stock market posted weekly gains worth 18.8 billion Egyptian pounds ($2.4 billion). Main index, EGX30 has…
