Finance News
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Egypt's Banque Misr closes $250 mln 3-yr loan
The transaction is the first time the bank has sought to borrow from international banks since the North African country was hit by political unrest.
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Kiosks offered to metro’s street vendors
Four kiosks built, 20 more expected by the end of the month.
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Egypt lifts 2015-16 GDP growth forecast
Egypt's inflation rate for 2014/2015 was 10.9 percent, Arabi said.
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Egypt's forex reserves almost unchanged in November
Egypt's reserves inch up to $16.423 billion in November compared to $16.415 billion in October.
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Barclays Africa's Talks With Parent on Egypt, Zimbabwe Fail
Talks to buy Egyptian and Zimbabwean operations from the parent ended after they couldn’t agree on price.
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Egypt Stock Market Jumps Up After Government Pays Dues to Foreign Investors
CBE said in a statement on its website that it has cleared "all the pending backlog" owed to foreign investors "to date".
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Army opens 61 new outlets for consumer commodities nationwide
Offering products at the cost price to face high prices and prevent monopolistic practices.
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Egypt’s credit risk increased with ailing economy Moody’s Analytics
One-year External Default Frequency for Egyptian government debt increased from 0.09% in early October to 0.18%.
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Egypt Signals Currency Policy Shift With Payment of Foreign Dues
The move by Amer in the first week of his tenure also signals he’s readying for a more liberal currency policy.
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Egypt’s stock market loses US$5.1 billion in November
Egypt market capitalization lost LE87.02 billion during the first 11 months of 2015.
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Egypt M2 money supply up 19.6 pct in October
The money supply stood at 1.87 trillion Egyptian pounds.
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Egypt aims for 5.5 percent economic growth
According to the ministry, the budget will be presented to parliament for approval.
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Can Egypt coordinate its monetary policies?
ECES examines what would be the consequences of coordinating monetary and fiscal policies and its effect on inflation and debt.
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Afreximbank proposes $1bn facility for Egypt’s foreign currency liquidity
Afreximbank would also avail its investment guarantee and country risk guarantee programmes to the Egyptian government.
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Egypt's water and sewage systems need around LE 1 bln pounds for upgrade
Housing minister estimates water and sanitation sectors need one billion Egyptian Pounds to fix.
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Egypt's central bank saviour faces tricky balancing act
Egypt's business community will breathe easier when Tarek Amer takes charge at CBE on Friday with hopes high he will revamp a monetary policy.
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Presidential decree reforms council for monetary policies
According to the Central Bank Law, the Council sets the objectives of monetary policy to achieve price stability and soundness of the banking system.
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Egypt's Pioneers Holding 9-month net profit up to $51.09 million
Operating revenues for the period were 3.9 billion Egyptian pounds, up from 1.8 billion during the same period last year.
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Egypt's CIB to issue one bonus share for each four held
The bank will increase its capital from its reserves and in return will issue 229.4 million shares in the bonus issue at a value of LE10 per share.
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Egypt's Stock Market Dips Amid Heavy Selling
The Egyptian stock exchange dropped on Monday, reversing a climb in the first few minutes of trading, with retreats across its three main indices.