A comprehensive overview of banks in Egypt - including state-owned, private, and international institutions, as well as the latest finance news. See also the
Top10 banks in Egypt.
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The reserve ratio, used to control money supply, will increase to 14 percent from 10 percent from Oct. 10.
05.10.2017 The Daily Star
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The foreign exchange reserves increased by more than $21bn over the past 14 months, where it stood at about $15.5bn in July 2016.
04.10.2017 MENA FN
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The new ratio is effective starting on 10 October, the bank said in a statement.
04.10.2017 Ahram Online
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Minster of Finance Amr El-Garhy meets with investors to discuss further opportunities.
27.09.2017 Daily News Egypt
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A recent report by CNN Arabia revealed that prices of the US dollar are likely to surge to LE 19 by 2018 and EGP 20 by 2019.
18.09.2017 Egypt Independent
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FDI rose to $7.9 billion in the 2016-2017 fiscal year that ended on June 30.This is well below Egypt’s target of $10 billion.
13.09.2017 Ahram Online
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The increase is equal to the reserves in 2010 and this figure is 4.7 billion dollars higher compared to the previous month.
02.08.2017 Business Standard
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EFG-Hermes has been licensed to operate a stockbroker unit in Kenya with an eye on an investment bank permit.
25.07.2017 Business Daily
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According to an informed source at the CBE, the bank received the installment on Tuesday.
19.07.2017 Ahram Online
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Inflation isn’t the only reason behind the soaring inflation,the increase in the prices of semi-finished goods and commodities is also to blame.
11.07.2017 Daily News Egypt
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