Egypt released imports worth $1.2 billion last week – PM
Egypt has released shipments of about $1.2 billion from 24 to 30 December, as part to resolve the imports backlog…
Browsing Tag
Letters of Credit
Egypt to gradually repeal letters of credit system for imports
The Central Bank of Egypt (CBE) announced on Thursday that it would begin the process of gradually repealing the…
Egyptian banks have provided $55.1 bln to fund trade since pound float
Egyptian banks have provided around $55.1 billion to fund trade since the country floated its currency in early…
Egypt provided $121 mln in emergency funding to GASC in May: MoF
Egypt's Finance Ministry announced in a statement on Saturday that it has provided the state grains buyer GASC with…
Egypt’s foreign trade reach $35 billion since currency float: official
Egypt’s foreign trade since early November, when the government floated the country’s pound until May 25 reached…
Afreximbank secures $1 billion facility for Egyptian institutions
The African Export-Import Bank (Afreximbank) has secured more than $1 billion worth of indirect credit facilities…
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…
Banque Misr raises $900 million since Egyptian pound float move – official
Egypt’s second biggest bank, state-owned Banque Misr has collected $900 million since Nov.3 decision to freely…
Egypt’s NBE bank sold $220 mln in week to cover imports – v.chairman
Egypt’s biggest lender, the state-owned National Bank of Egypt, provided around $220 million to cover import…
Banque Du Caire says to inject $169 mln in SME projects this year
Egypt’s third biggest public lender Banque du Caire plans to inject 1.5 billion Egyptian pounds ($169 million) into…
