Financial institutions in Egypt
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Profit repatriation impedes acquisition deals in local market
CBE failed to resolve repatriation problems, which hindered flow of foreign direct investment, say Experts.
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EGP4.7b collected in national fund-raising for economy
The amounts collected by the “Long Live Egypt” fund include EGP1 billion provided by the military.
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Egypt invited to attend G20 meeting for first time
The first G20 leaders' summit was first held in 2008 following the world financial crisis.
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Egypt pound reaches record lows amid a dollar shortage
The central bank had directed local banks to prioritize giving dollars to pharmaceutical companies to import medicine and supplies.
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Egypt's central bank widens exceptions on import restrictions
The Central Bank of Egypt excluded manufacturing inputs from the requirement on importers to provide 100% cash deposits on their letters of credit.
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Egypt to float United Bank of Egypt
The United Bank was formed out of the merger of three failing banks which the central bank acquired in 2006.
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Mubasher unveils top 100 listed firms in Egypt
Mubasher Financial Services applied scientific rigor to the ranking to produce a precise and comprehensive look at every company assessed.
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Investment climate in Egypt is worst in Arab world
Egypt’s administration is complacent about the tourism crisis, says Sawiris.
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AfDB allocates $1.5bn to build Egypt’s administrative capital
The comment came during the inauguration of Africa 2016: Business for Africa, Egypt and the world forum in Sharm El-Sheikh.
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Egypt's Central Bank signs $500mn trade facility agreement with Afreximbank
The new agreement is part of a $3.5 billion financing programme approved by Afreximbank in December.