Finance News
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Egypt’s insurance market prospects are encouraging
Economic hurdles such as poverty and shortage of skilled workers will slow sector's growth.
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Breaking News: Tarek Amer replaces Hisham Ramez as CBE governor
Amer will take charge of the central bank after the end of Ramez’s term on Nov. 26.
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NBE manages loans worth EGP 40bn during 2015
NBE ranked first in Egypt and Africa and third in Middle East and North Africa in field of syndicated loans, according to Bloomberg Foundation.
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Egypt’s July-August budget deficit at 2.4 percent of GDP
The Egyptian government is expecting a budget deficit of 8.9 percent (EGP 251 bn) for the entire fiscal year which will end next June.
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45% of ME companies encountered malware in 2015
Trojan attacks doubled in comparison to the same period in 2014. The attacks’ severity increased targeting the commerce and banking service sectors.
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Global Automotive Aftermarket Brake Friction Parts Market 2015 Industry Trend Price Demand and Forecast to 2020
The report gives a detailed overview of the key segments in the market.
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Egypt to delay second international bond issuance
The second issuance was planned for November.
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Dollar price will not affect imports
Egypt’s dollar resources likely to increase, launching bonds in international markets under review not cancelled, says Dimian.
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Foreign exchange pressures on Egypt likely to continue for years
The flexible policy recommended is bringing the currency exchange rate closer to the local currency's real value determined by strength of economy.
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High levels of liquidity support raising stock market
Transactions of Egyptians and Arabs tended towards buying, while foreigners’ transactions tended towards selling.
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Egypt vying to lure foreign capital weakens pound to record
The pound fell to 8.0301 per dollar in the official interbank market after declining by similar amount at a central bank currency sale to local lend.
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10 reasons why Hisham Ramez is the best central bank governor
Ramez's efforts didn't go unnoticed by international bodies, he was chosen by IMF and WB as best central bank governor in the region.
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Egypt pound weakens in central bank sale, parallel market
Egypt has sought to tame a once-thriving currency black market by imposing a cap on dollar-denominated bank deposits among other measures.
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Egypt devalues pound for third time this year
The pound weakend by 1.3 percent to just under 8 against the dollar.
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World Bank and African Fund visit Egypt to negotiate loans
Egypt is currently negotiating loans worth over $8 billion with the two international financial institutions.
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Egypt to receive $3 billion loan from World Bank
Prime Minister: there is a deficit in the budget and we have to handle it gradually.
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Egypt expects $1.5 billion in loans
The loans from the World Bank and African Development Bank (AfDB) by the end of 2015.
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EBRD launches Women in Business programme in Egypt
the aim is to provide comprehensive package of financial and technical support for Egyptian women who are starting up or expanding their companies.
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Egypt expects $1.5 bn IMF, AfDB loans by end of 2015
Asked by Reuters when the World Bank and AfDB loans would arrive, Ismail said: "it will be before the end of 2015."
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Egypt's Ramez named best central bank governor in MENA
He was praised by the IMF and the World Bank for taking measures to improve Egypt's economy.