Egypt is holding negotiations with the International Monetary Fund (IMF) to enhance its rescue program to over $5 billion, according to a report by Bloomberg News.
15.10.2023
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News by
Reuters
Moody's Corporation, the bond credit rating business, has downgraded five Egyptian banks in light of the country's declining debt affordability. The news came after the organisation downgraded the country's sovereign rating.
12.10.2023
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News by
Reuters
CBE is expected to reach an agreement with the IMF in early 2024 to peg the pound to a basket of international currencies and gold.
11.10.2023
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News by
Ahram Online
Several local banks suspended on Monday hard currency cash withdrawals and purchases made outside Egypt using debit cards, as per CBE instructions.
10.10.2023
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News by
Ahram Online
The price of the US dollar remained stable against the Egyptian pound on Monday according to the Central Bank of Egypt and other banks. Click to read more about the currency rates.
10.10.2023
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News by
Egypt Independent
The International Monetary Fund is “closely” engaging with the Egyptian authorities to achieve the much-delayed review of Egypt’s progress.
08.10.2023
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News by
alarabiya
Arab African International Bank sent a notice to customers on Wednesday and Arab International Bank sent one on Thursday.
08.10.2023
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News by
alarabiya
Egypt is required to pay $29.23 billion in external debt service in 2024, with $14.59 billion due in the first half (H1) of the year and $14.63 bln.
04.10.2023
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News by
Ahram Online
The Arab African International Bank (AAIB) has introduced a new savings certificate providing the banking market's highest investment return, as announced in an official statement.
03.10.2023
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News by
Egypt Independent
Egypt’s Social Housing and Mortgage Finance Fund (SHMFF) signed a protocol with QNB Al Ahli, the Egyptian arm of the Qatari QNB Group.
03.10.2023
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News by
Ahram Online
Ramy Abul Naga, the Deputy Governor of the Central Bank of Egypt (CBE), recently hosted a Swiss delegation, highlighting Egypt's economic reform program and future collaborations.
02.10.2023
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News by
EgyptToday
Al-Ahli Bank of Kuwait – Egypt (ABK-Egypt) has been honored as the Fastest Growing Bank in Egypt for 2023 by International Business Magazine.
01.10.2023
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News by
kuwaittimes.com
The World Bank Group is investing $6.9 billion in Egypt's development through 14 diverse sector projects, implementing the new 2023-2027 Country Strategy.
01.10.2023
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News by
Egypt Independent
The LRT project, initiated by the government in 2014, aims to establish a modern transit system connecting Cairo with urban and industrial communities
28.09.2023
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News by
Egypt Today
The value of stock issuances topped the list in non-banking financing, amounting to LE 97 billion in Q2 of 2023, taking the total non-banking financing to about LE 200 billion.
27.09.2023
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News by
EgyptToday
These procedures contribute to developing, revitalizing and raising the efficiency of dealing with government debt instruments.
26.09.2023
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News by
See news
The Central Bank of Egypt reported that banks in the Egyptian market recorded cash balances of nearly LE 106.241 billion in June 2023. With the local and foreign banks accounting for LE 2.326 trillion and LE 308.623 billion, respectively.
25.09.2023
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News by
EgyptToday
Egypt has agreed with the IMF to combine the first two reviews of its economic reform program, after the first review experienced multiple delays due to questions over Egypt's progress.
25.09.2023
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News by
Reuters
Egypt will host the 8th annual meetings of the Asian Infrastructure Investment Bank (AIIB) in Sharm El-Sheikh on 25 September.
24.09.2023
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News by
ahram online
