Finance News
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Egypt Raises Rates as Central Bank Sets Targets With Government
CBE has agreed with the government to collaborate on designing policies that “will contribute positively to economic growth and job creation.”
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Egypt signs $500m agreement with African Export-Import Bank
The deal gives Egypt free trade access to seven new African nations.
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Egypt's Central Bank likely to raise interest rates Thursday
Three out of five economists surveyed by Ahram Online expect the Central Bank of Egypt to raise benchmark rates to combat inflation.
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Egypt economy year in review: far from smooth sailing despite new canal
The search for dollars was the theme that dominated the entire year.
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Egypt economy year in review: far from smooth sailing despite new canal
The search for dollars was the theme that dominated the entire year.
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Egypt's Central Bank backs local products, tightens importing measures
The move, which will come into effect in January, aims to limit imports of products with domestic alternatives in order to shore up limited resources
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Fitch affirms Egypt’s ‘B’ rating, Dimian responds that economy is ‘resilient’
Dimian said the continuation of applying financial and economic reforms, which was initiated by the government last year, is necessary.
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HSBC Egypt plans capital increase in few days
HSBC Holdings PLC has approved to give a support for its Egyptian unit's capital through retained earnings, CEO and deputy chairman of HSBC Egypt.
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World Bank approves $3 billion loan for Egypt
In addition to the $3 billion development policy financing, the World Bank group will increase its financing in Egypt to $8 billion from 2015 to 2019.
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Egypt to receive a $200 million grant from China
According to Nasr, the projected financial grant will be invested in infrastructure, healthcare and Suez Canal development projects.
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Egypt Delays Rates Decision as Amer Urges Economic Reforms
Tarek Amer held talks with top ministers after saying the bank’s objectives can’t be achieved without “full coordination” with the government.”
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Egypt's central bank to meet govt, reconvene on Dec. 24
The meeting is scheduled to discuss efforts to control inflation.
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Saudi Arabia Promises Egypt More Aid, Could Buy Local Debt
Support includes $8 billion of investments, energy assistance as the two governments discuss Saudi purchase of T-bills and T-bonds.
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World Bank's loan gives credibility to Egypt's economy
Prime Minister Sherif Ismail said on Monday that the World Bank's approval of a US$3-billion loan gives credibility to Egypt and its economy.
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AfDB approves $1.5 bn loan to Egypt
The bank's approval today is a strong message affirming that the Egyptian economy is moving at a steady pace towards comprehensive development.
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Why Microsoft, Uber And 500 startups came to downtown Cairo
The third RiseUp Summit attracted entrepreneurs from all over the Arab world. Attendees reached 4000 people.
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Domestic Vs Foreign debt
What if the Egyptian government decided to contain domestic debt and increase foreign debt?
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Egypt's budget deficit rises July-Sept as subsidy spending increases
The government spent more money on subsidies, finance ministry data showed.
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Egypt's president approves $400mn loan from IBRD for social scheme
The loan was approved by the International Bank for Reconstruction and Development last April to support the Karama and Takaful social schemes.
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Urban consumer inflation up in November
On a monthly basis, the urban inflation rate fell slightly by 0.3 percent while prices of food and beverages retreated by 1.7 percent.