Foreign direct investment in Egypt rises to $6.8bn during 2015/16
The net foreign direct investment in Egypt during the financial year 2015/2016 reached $6.8 billion, said…
Browsing Tag
flotation
Egypt attracts $3.1bn foreign investment in domestic debt: deputy finance minister
Egypt attracted $3.1 billion of foreign investment in domestic debt instruments since the flotation of the pound in…
Bank Audi Egypt to increase 4.5bn pounds-loan portfolio by end-2017
Bank Audi Egypt is planning to increase its loan portfolio volume to 4.5 billion Egyptian pounds ($249.2 million)…
Egypt to raise customs dollar to 17 pounds this weekend – minister
Egypt will raise the customs dollar exchange to 17 pounds from 15.7, for two weeks effective from March 16th,…
Africa Reinsurance sees 4% in 2017 Egypt premiums after float
African Reinsurance Corporation (Africa Re) said Wednesday that it expects this year premiums in Egypt would shrink…
Banque Misr raises $1.020 billion after Egypt pound float – official
Egypt’s second biggest bank, state-owned Banque Misr has collected $1.020 billion since Nov 3 local currency…
Faisal Islamic Bank revenues climb by 1.5 bln Egyptian pounds on currency float
Egypt’s Faisal Islamic Bank reported a rise in 2016 revenues by 1.557 billion Egyptian pounds ($83.1 million),…
IMF: Egyptian pound depreciation was ‘more than expected’
IMF mission chief for Egypt, Chris Jarvis said Wednesday that Egyptian pound had depreciated more than expected…
NBE: assets surge to 1.1 trillion Egyptian pounds after currency float move
Egypt’s biggest lender, the state-owned National Bank of Egypt says assets have surged to around 1.1 trillion…
Brent hike, flotation eat 91% of fuel subsidies in H1 of FY 2016-17
The Ministry of Petroleum began reviewing fuel subsidy allocations for the current fiscal year (FY) 2016/2017 to…
