Financial institutions in Egypt
-
Egypt's 5-, 10-year treasuries almost steady, confusing the market
The central bank had offered 3 billion Egyptian pounds worth of five-year bonds and 2.25 billion pounds worth of 10-year bonds and sold them all.
-
UNB-Egypt aims to acquire 5% of Egyptian banking market in 10 years
UNB supports Emirati investors in Egypt, and issued letters of guarantee worth $150m for the National Drilling Company to dig the New Suez Canal.
-
Egypt highest recipient of French aid
Demian made the remarks after a meeting with his French counterpart Michael Sapin in Paris.
-
Supply Minister explains president's initiative to control market prices
The government aims to reduce prices by 30 percent by reducing the number of intermediary traders.
-
Egypt economy improving, but large financing needs still challenge
Moody’s described the government’s track record of implementing revenue-enhancing measures, such as the introduction of new taxes, as being “mixed".
-
Egypt's non-oil private activity contracted in October,PMI hits 8-month low
Egypt's main stock index inched down by 0.02 percent to close at 7,433 points on Tuesday after rising early in the trading session.
-
High economic growth rates in Egypt benefit insurance market
Moody’s MENA analyst states that Egypt is the second largest insurance market in the MENA region.
-
CB holds pound steady at 7.93 per $1
CBE has given permission to trade dollars up to 0.10 EGP and 0.15 EGP above or below the official rate at banks and exchange bureaus.
-
Individuals pay for government’s ambition through taxes
Around 25% of budget revenues are from sales taxes, indirectly obtained through taxes on cigarettes, fuel and petroleum products, telecom, hotels..etc
-
Economists divided on Central Bank of Egypt's next interest rate decision
Five economists talked to by Ahram Online differ on the CBE's next step regarding its key policy interest rate.