Finance News
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Global Telecom Holdings delisted from Egypt's Stock Exchange
Global Telecom Holdings (GTH), which operates Djezzy in Algeria, has been delisted from the Egyptian Stock Exchange.
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Egypt's business community awaits more interest rates' cuts to boost investment
The Central Bank of Egypt (CBE) cut interest rates by 1.5% on Thursday in a long-awaited step.
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Egypt's central bank cuts rates by 150 bps after inflation slows
The overnight lending rate was cut by 150 basis points to 15.25%, the bank said in a statement after a meeting of its monetary policy committee (MPC).
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Egypt prepares for second wave of IPOs
CBE has announced that Banque du Caire will offer a stake of its shares, ranging between 30 and 40 percent.
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Egypt sells 610mn euros in euro-denominated t-bills
The bank sold 695.10 million euros in a similar auction in November with an average yield of 1.75pc.
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DFSA signs an MoU with the Central Bank of Egypt
The collaboration includes, but is not limited to combatting financial crime and conducting consolidated supervision of common firms.
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Egypt economy is doing well with int'l recognition
The progress achieved by Egypt's economy is attributed to the ambitious economic reforms carried out by the government.
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Egypt is worlds 2nd flexible emerging economy
The Bloomberg report placed Egyptian economy 2nd after Philippines out of 21 emerging economies in flexibility against global trade wars.
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Egypt's finance ministry auctions EGP 18 bln in T-bonds
Egypt's Ministry of Finance auctioned on Sunday treasury bills at a total value of EGP 18 billion.
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UK's new Middle East minister hails improvement of Egypt's economy
The UK is keen on boosting cooperation with Egypt in all domains, Murrison said.
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US dollar exchange rate continues decline in Egypt
The US dollar was sold at LE17.13 and bought at LE17.03 at the National Bank of Egypt, Banque Misr, the Arab African International Bank and others.
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National Bank of Greece-Egypt leaves market after 100 years
Assets sold to Bank Audi worth €110m including loans, deposits, securities,17 branches with 250 employees.
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Egypt moves to cancel planned increase in stock exchange duty
Egypt has drafted a law to keep a tax on stock exchange transactions at 1.5 pounds per 1,000, cancelling an increase to 1.75 pounds per 1,000.
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World has confidence in Egypt's economy
The CBE governor said that Egypt is adopting liberal policies in light of the country's aim to boost economic growth via depending on various sources.
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Egypt’s business recovery signals broad stabilisation in the economy
Egypt’s Purchasing Managers’ Index (PMI) for March 2019 broadly indicated stabilisation of the health of the Egyptian non-oil private sector economy.
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Egypt's ambitious financial outlook
Egypt’s draft budget for 2019-20 is with the House of Representatives for approval after having passed cabinet scrutiny.
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Egypt offers euro-denominated bonds on London stock exchange
The auction on the London Stock Exchange will be settled on April 11.
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Egypt's central bank seen maintaining key rates
Eight out of 12 economists polled by Reuters said the bank’s monetary policy committee was unlikely to change its overnight rates.
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Cairo one of the cheapest cities in the world
Cairo ranked at number 125 out of 133 cities in The Economist's 2019 Worldwide Cost of Living Survey.
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Greek investors seek to do business in Egypt
A delegation of major energy investors in Greece is interested in doing business in Egypt.