Finance News
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Abu Dhabi investments fuel banking recovery in Egypt
Investments by Abu Dhabi companies in Egypt are feeding a revival in the country’s corporate banking industry.
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Egypt’s hopes of attracting investment given timely boost by IMF
Policies implemented so far, along with a return of confidence, are starting to produce a turnaround in economic activity and investment.
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Egypt needs more flexible exchange rate, IMF says
Egypt’s pound has slid against the dollar on the black market even as the official exchange rate hasn’t changed in about five months.
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Egypt one of the HSBC Group’s 19 global priority markets
HSBC Group believes in the long-term future of Egypt and remains committed to investing in growth of its business in the country.
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UAE to loan $200M to Egypt SMEs
Abu Dhabi-based Khalifa Fund for Enterprise Development said it signed the loan agreement with the Egyptian government in Cairo.
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Egypt's Beltone to issue bonus shares, raise capital
An initial capital increase of LE 41.83 million was approved by shareholders on Sunday night, the financial services company said in a statement.
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EFG-Hermes donates EGP 50m for poor villages
EFG-Hermes Chairperson Mona Zulfikar said her company seeks, through scientific and field studies, to develop the neediest areas in Egypt.
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Egypt investment prospects valued at $173 billion in 2015
MEED’s ‘Invest in Egypt’ is a platform to learn about investment possibilities in the country.
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Major payment issues hinder real estate taxation: Finance minister
World Bank grants $200m to develop health issues, while energy efficiency increases through investments.
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Egypt schedules major economic summit in March
Egypt’s Economic Development Conference has been scheduled to ensure high attendance from partners around the world.
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Egypt to issue $1.75 billion in 1-year treasury bills
The issuance would be a rollover of an existing issue, two traders at Egyptian banks are quoted saying.
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Abu Dhabi to host 'Invest in Egypt' conference next week
Two-day conference starting 26 November will profile investment opportunities in various sectors in Egypt.
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Egypt's c. bank to take "technical measures" to control currency black market
"We will take technical measures in the coming period to control the currency black market and set the (currency) exchange market," Hisham Ramez said.
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Egypt economy grows 1.1% in Q1 as power shortage takes toll
Economists divided on whether Egypt will achieve the government's growth forecast.
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Citibank's response on stories claiming the closing of the institution's branches in Egypt
CEO of Citi Egypt Nadir Shaikh has sent the following statement in response to stories on the status of Citibank in Egypt.
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NBE to fully automate risks management: Information Security director
Egyptian customers’ trust in banking technology will increase when the banks offer services with high security standards, Abeer Khedr says.
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Citigroup says Persian Gulf aid for Egypt may wane on Oil
This could complicate plans by the government to issue as much as $1.5 billion of bonds next year.
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Egypt to repay debts to foreign oil firms within six months
Egypt has delayed payments to oil and gas firms as its economy has been hammered by almost three years of instability.
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Let’s talk Microfinance in Egypt
With the new microfinance law issued this week, Egypt Business Directory looks at the microfinance landscape in Egypt.
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IMF mission to visit Egypt on Wednesday
Finance Minister Hani Qadry Demian is working on improving connections between Egypt and the controversial lending institution.