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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Egypt to remain stable at B3 as devaluation brings exchange rate closer to market rates, likely to boost exports and foreign investments.
19.03.2016 Ahram Online
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Egypt devalued its currency by about 13 percent at a local sale of greenbacks on Monday and said it would adopt a more flexible exchange rate.
16.03.2016 Bloomberg Business
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Tuesday’s auction was the second consecutive day in which the CBE issued an exceptional tender to inject foreign currency liquidity into banks.
16.03.2016 Star Africa
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CBE will hold an exceptional dollar auction for $1.5bn on Wednesday to cover the outstanding debts importers owe to the banks in foreign currency.
16.03.2016 albawaba
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Egypt devalued the pound to 8.85 per dollar from 7.73 and simultaneously pumped nearly $200 million into the dollar-starved banking system.
15.03.2016 Business Recorder
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Egypt's foreign currency reserves have declined by more than half since 2011, reaching $16.534 billion in February.
14.03.2016 Ahram Online
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Banks await fresh dollar liquidity to be injected through exceptional CBE auction.
14.03.2016 Daily News Egypt
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El-Abyad denies any agreement between CBE and exchange firms on a specific price for dollar.
13.03.2016 Daily News Egypt
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Amer spoke after the central bank this week eased restrictions on foreign currency deposits and withdrawals in banks.
12.03.2016 Bloomberg Business
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The central bank has been resisting a devaluation, keeping the pound artificially strong at 7.7301 against the dollar unlike in the black market.
12.03.2016 All Africa
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