Financial institutions in Egypt
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Egypt’s pound steady at official market
Egypt’s central bank usually holds foreign exchange auctions on Sunday, Tuesday and Thursday every week.
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Egypt central bank keeps benchmark rates unchanged
The bank has now held rates steady in four consecutive meetings after surprising analysts with a 50-basis-point cut in January.
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Barclays Africa hastens talks to buy banks in Egypt
Barclays Africa Group Ltd said talks to buy its parent company’s operations in Egypt and Zimbabwe have been accelerated following management changes.
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Deutsche Bank, HSBC said arranging $3.7 bn Egypt power loan
Egypt expects to spend $2.6 bn with foreign companies for electricity, including equipment, this summer, Prime Minister Ibrahim Mahlab said in May.
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Egypt's central bank to hold rates amid inflation concern
Egypt's central bank is expected to keep interest rates on hold on Thursday with inflation still in double digits despite lower global commodity price
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NBE launches first interactive teller machine in Egypt
The National Bank of Egypt has launched the first interactive teller machine (ITM) in the Egyptian market, according to Alaa Farouk, Head of Retail.
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Egypt allocates LE1 billion in state funds to develop slums
The amount is part of LE6.85 billion in targeted investments for local development programmes.
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Egypt recovers $1.5bn in tax evasion cases
Egypt recovers LE12.1 billion ($1.5 billion) in tax evasion cases and retrieves land from business tycoon Hussein Salem.
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Kuwait's Al-Salam to list on Egypt exchange
The investment company listed on the Kuwait and Dubai exchanges tried unsuccessfully to offer depository receipts on the Egyptian bourse since 2013.
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Egypt's bourse, banks to close on Thursday for July revolution anniversary
Trading will resume on the following Sunday, the stock exchange said in its statement.