Financial institutions in Egypt
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Breaking News: Tarek Amer replaces Hisham Ramez as CBE governor
Amer will take charge of the central bank after the end of Ramez’s term on Nov. 26.
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NBE manages loans worth EGP 40bn during 2015
NBE ranked first in Egypt and Africa and third in Middle East and North Africa in field of syndicated loans, according to Bloomberg Foundation.
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Egypt’s July-August budget deficit at 2.4 percent of GDP
The Egyptian government is expecting a budget deficit of 8.9 percent (EGP 251 bn) for the entire fiscal year which will end next June.
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45% of ME companies encountered malware in 2015
Trojan attacks doubled in comparison to the same period in 2014. The attacks’ severity increased targeting the commerce and banking service sectors.
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Egypt to delay second international bond issuance
The second issuance was planned for November.
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Dollar price will not affect imports
Egypt’s dollar resources likely to increase, launching bonds in international markets under review not cancelled, says Dimian.
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Foreign exchange pressures on Egypt likely to continue for years
The flexible policy recommended is bringing the currency exchange rate closer to the local currency's real value determined by strength of economy.
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High levels of liquidity support raising stock market
Transactions of Egyptians and Arabs tended towards buying, while foreigners’ transactions tended towards selling.
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Egypt vying to lure foreign capital weakens pound to record
The pound fell to 8.0301 per dollar in the official interbank market after declining by similar amount at a central bank currency sale to local lend.
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Egypt pound weakens in central bank sale, parallel market
Egypt has sought to tame a once-thriving currency black market by imposing a cap on dollar-denominated bank deposits among other measures.