Foreign investment in Egyptian securities jumps to $18.8bn in October
Foreign investment in Egyptian securities rose to $18.8 billion in October, a year after the central bank floated…
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Financial Institutions
Bitcoin blasts to new all-time high of $6,450
Bitcoin climbed to a new all-time high of $6,450 on Wednesday, boosted by bets the cryptocurrency could enter the…
Delta Insurance posts 168 million pounds in foreign currency surplus in June
Egypt’s Delta Insurance Company says it has had 168 million Egyptian pounds ($9.5 million) in foreign currency…
Bitcoin surges to record above $6,400 after CME announces launch of futures for digital…
CME announced Tuesday it plans to launch bitcoin futures in the fourth quarter, pending regulatory review. Bitcoin…
Egypt to keep customs exchange rate at 16 pounds in November
Egypt will keep its customs exchange rate unchanged at 16 pounds per dollar for November, the finance ministry said…
IMF: Egypt’s economy seeing ‘broad-based’ growth
The International Monetary Fund says Egypt’s economic growth is driven by a “broad-based” recovery across…
Mohandes, Egypt’s NBE bank sign credit insurance cover deal for SME loans
Egypt’s Mohandes Insurance Company has signed Monday a credit insurance cover agreement with the country’s largest…
UK’s CDC Group pumps $97 million in Egypt solar power scheme
The UK’s development finance institution CDC Group said Sunday it had invested around $97 million in a solar power…
We’ve seen an 82 percent jump in bitcoin-related jobs, says employment website CEO
Bitcoin-related jobs are the fastest growing category of role on international employment marketplace Freelancer,…
Fawry negotiates with banks to collect monthly installments in Egypt
Egypt's electronic payment provider Fawry says it is negotiating with a number of banks to provide the monthly…