Finance News
-
Credit facilities for 100 largest bank clients increase to $24.32bln
In its recent financial stability report, the Central Bank stated that these facilities are concentrated in 17 sectors.
-
EGX chairman: 23 public companies to be listed on stock exchange in 2023
More than 23 public sector companies are nominated for Initial public offering (IPO) or additional offering on stock exchange.
-
CBE receives $1.03bn worth of bids for T-bills denominated in US dollar
Bank accepts 21 offers worth $850m with interest of 4.64-4.651%.
-
How 2022 shocked, rocked and rolled global markets
Global equities are down $14 trillion and heading for their second worst year on record.
-
Central Bank of Egypt to issue $850m US dollar-denominated T-bills
The CBE uses the proceeds of this T-bills bid to pay the value of a previous bid submitted by the bank on 4 January 2022 at a value of $852.9m.
-
Gov't assures citizens US dollar crisis on Its way to a solution
The ability of the banking sector to deal with the current situation contributed to the release of commodities worth more than six billion dollars.
-
IMF: global economy to face tougher year in 2023
The IMF expected that 2023 would witness an economic recession that millions of people around the world would feel.
-
Al-Sisi reviews Egypt’s Sovereign Fund projects, partnerships
Al-Sisi directed that the Sovereign Fund of Egypt (TSFE) should utilise the state’s assets and develop them in a sustainable manner to maximise return
-
Gulf shares start new year in upbeat mood, Egypt outperforms
The IMF warned on Sunday about a tougher year in 2023 for the global economy with USA, China, Europe with weakening activity.
-
Bank liquidity in Egypt increases to EGP 7.318trn in November 2022
A recent report by CBE revealed that the money supply recorded EGP 1.692trn in November, compared to EGP 1.382trn in December 2021.
-
EIPICO’s board nods to 15% issued capital raise
The EGP 148.75 million capital hike will be distributed among 14.87 million shares as per the fair value (FV) with no issuance expenses.
-
Capital markets in 2022: It just wasn’t the year for fresh paper
At the start of the year, the government envisioned as many as 10 state-owned companies selling shares on the bourse in 2022.
-
Egypt Government Moves to Control Currency Exchange Rate
The government said US dollar crisis is on its way to being resolved, it will crack down on currency dealers in the “black market.”
-
FRA amends controls for SMEs financing
The amendments is to confront default risks, within the framework of completing the authority’s role in developing non-banking financial markets.
-
Forbes reveals 10 richest Arab families in 2022
The list was topped by the Sawiris family from Egypt, with a fortune of $11.2 billion.
-
Rowad 2030, VictoryLink sign MoU to support startups
The objectives of the memorandum mainly focus on enabling joint cooperation mechanisms between the two parties to provide integrated services.
-
Egypt among top 10 world's fastest growing economies in 2022
The center said that many developments took place in 2022 in spite of the international crises that cast a shadow on various economies.
-
Egypt interest rate forecast in 5 years: Will CBE keep tightening to meet IMF requirements?
Headline inflation accelerated to nearly 19%, while core inflation, which excludes food and regulated items, surpassed 21% in the most recent reading.
-
Central Bank of Egypt ends Letter of Credit system for importing
The CBE announced that it would begin a process of phasing out letters of credit system for import finance by the end of December.
-
valU and PayTabs Egypt team up with TicketsMarche to offer payment solution
The tie-up aimed at enabling TicketsMarche’s customers to finance and pay for their ticket purchases through valU and PayTabs Egypt.