The finance industry includes numerous sectors. Banking provides services ranging from account management to investments. Private Equity and Venture Capital invest in established companies and startups, respectively. Financial Services offer planning and advice, while Real Estate Finance covers services related to property, such as mortgages. Fintech utilizes technology to offer financial services.
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CBE stabilised the US dollar against the Egyptian pound at EGP 8.78 in its tender on Tuesday. The market is still waiting for any hint of devaluation.
27.07.2016 Daily News Egypt
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Moody's stated that the current account deficit reached $14.5bn, up from $8.3bn the previous year.
12.07.2016 Daily News Egypt
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The governor said that Egypt would also soon repay $800 million owed to the Paris Club nations.
03.07.2016 Ahram Online
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Debit cards for accounts in foreign currency can still be used abroad up to a limit of $100,000 as per a 2014 directive, the letter added.
03.07.2016 Ahram Online
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Earlier this month Beltone’s plan to buy Commercial International Bank Egypt’s investment-banking unit failed as regulators held up the deal.
27.06.2016 Bloomberg
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Basic commodities also contributed to the budget deficit, which a rise in tax income failed to contain.
23.06.2016 The Daily Star
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One exchange bureau source said that the central bank has shut down a total of 21 currency trading companies this year.
23.06.2016 Ahram Online
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Banque Misr may approve a limited increase of the interest rate on short-term savings funds.
20.06.2016 Daily News Egypt
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The advantage to the government is that a VAT encourages businesses to report on one another, making it harder for them to avoid paying taxes.
16.06.2016 The National
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EFG Hermes stepped up its growth strategy after selling a 40 percent stake in Lebanese lender Credit Libanais.
14.06.2016 Business Recorder
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