Export Development Bank of Egypt EDBE

Banking services, finance, refinance projects, all banking activities, saving, deposities, LGs, LC's.

| Mohandessin Giza, Egypt

Banque Misr Down Town Cairo EG

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108, Mohy El Din Abu El Ezz

Mohandessin Giza

Egypt

Telephone: 33378506

Telefax: 33385840

108, Mohy El Din Abu El Ezz

Mohandessin Giza

Egypt

Telephone: 33378506

Telefax: 33385840

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The central bank raised rates by a larger-than-expected 300 bps at its last meeting on Dec. 22 and by 200 bps at a surprise meeting on Oct. 27.

Last month, the Egyptian Exchange released new criteria for inclusion in the EGX30 in a bid to make the benchmark index more attractive for investors

The acquisition has been approved by the central bank and will take effect on Jan. 31.

Minister of Finance, Mohamed Maait, stated that these initiatives help provide the necessary cash liquidity to ensure the rotation of the economy.

Many banks within Egypt were trading at 30 Egyptian pounds for $1 earlier this month.

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