Egypt to keep customs exchange rate at 16 pounds in December: ministry
Egypt will keep its customs exchange rate steady at 16 pounds per dollar for December, the finance ministry said…
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Financial Institutions
Egyptians to start feeling effects of economic reforms in 2018: IMF
International Monetary Fund (IMF) mission chief for Egypt Subir Lall said on Sunday that Egyptians will start…
Egypt to receive next IMF loan disbursal in December: minister
Egypt is set to receive its next International Monetary Fund loan disbursal in December, Finance Minister Amr El…
AFD, Egypt sign €500,000 urban transport deal
Egypt has signed Wednesday a technical cooperation agreement in the urban transportation sector through FEXTE…
Egypt sells $1.728bn in one-year dollar-denominated treasury bonds in auction
Egypt has sold $1.728 billion in one-year dollar-denominated treasury bonds to local and foreign financial…
GIG-Egypt, Germany’s Hannover Re in talks to renew reinsurance deal
Egypt’s Arab Misr Insurance Group (GIG) has started talks with Germany’s Hannover Re to reach a further one-year…
Al Tawfeek Leasing joins forces to provide multi-million-pound property loans
Egypt’s Al Tawfeek Leasing (A.T. LEASE) is teaming up with two other local leasing companies to secure joint…
Keep bitcoin away from the real economy, says billionaire ‘father of high speed…
Thomas Peterffy, the billionaire founder and chairman of Interactive Brokers, has never been a huge fan of…
Egypt’s debt hits 3.7 trillion pounds in 2017: minister
Egypt’s Minister of Finance Amr El-Garhy said on Tuesday that the country’s internal and external debt totalled…
Growing debt and low interest posing greatest market risks: IMF’s David Lipton
The prolonged period of low central bank interest rates and growing debt in developed economies is posing the…