Finance News
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Trade Finance Global Market Trends 2016 - 2020
Research Beam added a report “Global Trade Finance Market 2016-2020: Size, Share, Trends, Segmentation, Growth, Technology, Opportunity, Analysis
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Health Insurance Global Market Size and Share 2016 - 2020
Research Beam added a report “Global Health Insurance Market 2016-2020: Size, Share, Trends, Segmentation, Growth, Technology, Opportunity, Analysis
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Catastrophe Insurance Global Market Applications 2016 - 2020
Research Beam added a report “Global Catastrophe Insurance Market 2016-2020: Size, Share, Trends, Segmentation, Growth, Technology, Opportunity
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Contactless Smart Cards Market in the Banking Sector Growth and Demands 2016 - 2020
Research Beam added a report “Global Contactless Smart Cards Market in the Banking Sector 2016-2020: Size, Share, Trends, Segmentation, Growth, Techn
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Utilities Security Global Market Overview and Analysis 2016 - 2020
Research Beam added a report “Global Utilities Security Market 2016-2020: Size, Share, Trends, Segmentation, Growth, Technology, Opportunity
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Egypt's banks raise $3 bln since pound float decision
CBE had decided in early November to float the pound and raise key interest rates as part of a set of reforms aimed at alleviating the dollar shortage
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Ahram Hebdo economic conference to highlight French investment in Egypt
The conference, held in partnership with the French Chamber of Commerce and Industry and the French embassy in Cairo, will be held from 9am to 5pm.
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IMF Loan, rights and obligations
The loan is not just money, it’s a full economic reform program that needs to be implemented over 3 years and will be reviewed 5 times.
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IMF approves $12 billion loan to salvage Egypt's economy
The IMF made the announcement on Friday and said the loan aims to help Egypt "restore macroeconomic stability and promote inclusive growth".
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Egypt nets $2B in financing as IMF deal nears
Bonds were chosen over other financing options due to “elevated” interest rates in parts of the market.
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EFG Hermes takes over management of HSBC Egypt money market fund
The mandate brings the division’s Egypt-focused assets under management (AUM) to EGP 10.5 billion.
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IMF chief hails Egypt austerity, urges approval of $12B loan
She said she would recommend that the IMF Executive Board approve Egypt's request for $12 billion in loans when it meets this Friday.
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IMF to meet Friday to decide on Egypt's $12 bln loan
Last Thursday, Egypt floated its currency and increased the prices of subsidised fuel.
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Banks offering dollars lure Egyptians from the dark side
Egyptian lenders need billions of dollars to meet demand from businesses starved for dollars.
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Egypt stocks enjoy biggest rally in Mideast after currency flotation
The EGX 30 Index surged 6.1 percent, extending the longest winning streak since March.
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Egypt to face pain before gain after massive currency devaluation
Inflows of hard currency may be slow to arrive, at least in the huge volumes required to eliminate the dollar shortage and bring investors.
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Egypt to approach IMF in days as free currency trade debuts
The push to finalize the loan comes as Egyptian banks on Sunday began freely trading foreign exchange on the interbank market for the first time.
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Egypt did not have luxury of postponing reforms
The reforms are part of a process to acquire an IMF loan.
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Egypt central bank liberalizes exchange rate
The exchange rate will be set by “supply and demand,” Amer said.
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Egypt PM says central bank to fix currency crisis soon
Egypt’s economy has been suffering from a shortage of hard currency that officials have said a $12 billion loan from the IMF would help solve.