Finance News
-
$6bn foreign company investments in FY 2015/2016: El Molla
Total foreign investment, which is being pumped this year, is estimated at $7.5bn.
-
Egypt ready for change in a cash economy
Cash still dominates the Egyptian consumer economy. It accounts for an estimated 94 per cent of financial transactions in the country.
-
Egyptian pound steady at official auction, stronger on black market
The government is trying to bolster the economy ahead of a major investment conference next month.
-
Egypt banks saw cash inflows of over $400 mln in a week: CBE governor
New restrictions on cash deposits are paying off as banks are sold unprecedented amounts of dollars in cash.
-
Foreign currency availability in market improves: FEDCOC
El-Wakil attributed the improvement to the recent (CBE) instructions regarding prices of exchange.
-
Egypt’s stock market to see boom in 2015: EGX Chairman
Omran: The EGX indexes have been the highest worldwide for the past 84 months.
-
Egypt hikes tax on cigarettes for third time in a year
An increase in sales taxes on cigarettes is part of a wider trend from the state which has raised taxes to bring down budget deficit.
-
Ministry of Supply studies listing FIHC in stock market
Ministry of Petroleum is also studying possibility of capital market listing.
-
Egypt's Qalaa Holdings approves 1.7 bln Egyptian pound capital hike - sources
Qalaa has some $9.5 billion in assets under management, including dozens of firms mainly in Egypt, east and north Africa.
-
Egypt bourse approves CIB $300 million capital increase
CIB reported a 36 percent year-on-year rise in its fourth quarter net profit to EGP 1.03bn.
-
Economy recovering, EGX records show: Dcode EFC Report
The report featured on the official website “Egypt the Future” created to promote Egypt’s Economic Summit.
-
Forex pips Signal
Forex Pips Signal with sms and email
-
Poll: Egypt's Economic Conference - Have your say!
President Abdel-Fattah ElSisi will be hosting the Egypt Economic Development Conference in March - what topics do YOU think should be discussed?
-
ALEXBANK launches Bancassurance Programme with MetLife Alico
The partnership will offer a comprehensive range of products to help customers save towards their goals
-
Customs confuses automobile market calculations
Pilot prices for European products rang between fact and fantasy, agents complain about excessive customs values.
-
Misr Insurance renews contracts with more than 40 reinsurers
Reinsurers including Swiss Re Ltd., Hannover Re S.E. and Scor S.E., among others, deal with Misr Insurance, Mr. Moussa said.
-
Foreign investment in Egypt will reach ‘about $2 bln’ in second quarter
Egypt is also preparing a new unified investment law that will be sent to President Abdel Fattah al-Sisi by the end of February.
-
Egypt set to make foreign investment easier
The idea is to create a one-stop shop that will make life easier for foreign investors discouraged by political turmoil and militant violence.
-
First ATM security cabinet to be introduced in Egypt
This is the first time Egyptian clients have access to physical and electronic security at the same time.
-
Circle gets $15m payment from Egypt
Circle says this has resulted in a significant reduction in the outstanding debt owed to the Company.