Financial institutions in Egypt
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Egypt raises $8.5B for Suez Canal expansion
Egypt's Central Bank has raised $8.5 billion for the construction of an expansion of the Suez Canal by selling investment certificates.
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Egypt's Qalaa says H1 net loss widens 11 percent
The company said its net loss for the first six months of the year had widened to 410.6 million Egyptian pounds.
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Egypt needs at least $28 billion in private sector investments: Minister
Private investments to drive growth rate to 3.5% this fiscal year as the state streamlines budget, says Investment Minister.
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E-Finance to launch EGP70m new HQ in Smart Village by May
The company's capital reached EGP120 million since its inception and it has increased to EGP180 million.
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Egypt to invite IMF to assess economic reforms
Ministry of Finance says government will invite IMF before Egypt’s economic summit in February 2015.
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Egypt's GDP growth reaches 3.5 pct in Q4 of 2013/14 fiscal year -fin min
The government is now walking a fine line between trying to cut its deficit whilst luring investors and restoring growth.
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Over LE7 billion frozen in Egyptian assets worldwide, says report
There about $750 million frozen in Switzerland and LE85 million frozen in the UK, while the amount remaining in other countries remains undeclared.
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Egypt signs $500 mln World Bank gas loan
The loan will help fund a Petroleum Ministry plan to connect 850,000 Egyptians, particularly in largely rural Upper Egypt, to a natural gas grid.
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Egypt consumer inflation picks up to 11.5 percent
Egypt's annual core inflation -- which strips out subsidized goods and volatile items -- climbed to 10.07 percent in August.
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Egypt seeks to cut public debt to 80% of GDP by 2017: Minister
Egypt's total public debt now stands at nearly 95 percent of GDP - but the government hopes reforms will slash debt and budget deficit.