Bank News
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Egypt's central bank seen maintaining key rates
Eight out of 12 economists polled by Reuters said the bank’s monetary policy committee was unlikely to change its overnight rates.
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Bank Audi considering buying NBG’s Egypt unit
The website of National Bank of Greece’s Egyptian unit lists 18 branches in Cairo and elsewhere in the country.
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World Bank appoints new regional director for Egypt, Yemen, Djibouti
Before joining the World Bank, Wes worked as a principal economist at the European Bank for Reconstruction and Development.
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Egypt sells $1.7 billion worth of dollar T-bills
One-year dollar-denominated treasury bills worth $1.73 billion issued a year ago are due to mature on Tuesday.
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Banks continue to shine with strong business results in 9M18
The bank's management attributed these strong results to the bank's resilience, at a time of macroeconomic uncertainty.
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Egyptian economy performs well, IMF mission
An IMF team led by Mr. Subir Lall visited Egypt on October 18-31, 2018 to conduct the fourth review of Egypt’s economic reform program.
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Egypt ranks 15th in long-term growth: HSBC
The report concluded with HSBC's projection that EM countries will account for roughly 50% of the world by 2030.
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HSBC Egypt launches virtual cards for business customers
The card gives businesses the ability to generate single or multiple-use virtual card numbers to make bill payments or pay suppliers.
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Egypt PM lauds IMF report on economic performance
The report was positive and focused on the good economic performance in Egypt despite the crisis witnessed in emerging markets.
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Egypt becoming much more business friendly
Egypt’s economic situation has continued to improve during 2018, our overall views remain positive.
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HSBC named lead bank for Egypt AMOC listing
The government is selling minority stakes in public companies on the stock exchange.
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Egypt to get $1 billion for basic goods from Islamic Bank
The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1 billion to support the provision of basic goods.
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US decides to release suspended military aid to Egypt
The State Department says the United States has decided to release $195 million in military aid to Egypt after withholding the assistance last year.
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Egypt to receive $2bn from International Finance Corporation
The IFC finance will focus on the renewable energy field through 2019.
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Pharos highlights key points of Egypt’s economy on IMF’s report
According to pharos, the report expected Egypt’s economy to mark a progress during fiscal year 2018/2019.
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IMF gives Egypt strong marks in third programme review
The Fund maintained its previous 5.5%projection for Egypt's GDP growth in the 2018-2019, supported by a recovery in tourism and gas production.
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Egypt wants $500 million from World Bank
Egypt held discussions with the World Bank for an additional $500m loan for the country’s social housing projects targeting low-income households