Attijariwafa, which already has a presence in 24 countries, including 14 in Africa, is interested in bidding for the Egypt business.
10.03.2016
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News by
Money Market
The CBE noted that the measures are meant to facilitate individuals’ transactions with banks operating in Egypt.
09.03.2016
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News by
Star Africa
Egypt’s reserve of foreign exchange increased from $33.16 billion at the end of October 2015 to the end of the $533.16 billion last February.
04.03.2016
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News by
Star Africa
The NBE will repay the loan over eight years, including a three-year grace period.
04.03.2016
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News by
Ahram Online
Ramez will serve as Vice-Chairman and Managing Director of Egypt's largest listed company.
29.02.2016
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News by
Ahram Online
The central bank had directed local banks to prioritize giving dollars to pharmaceutical companies to import medicine and supplies.
24.02.2016
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News by
Canadian Business
The Central Bank of Egypt excluded manufacturing inputs from the requirement on importers to provide 100% cash deposits on their letters of credit.
24.02.2016
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News by
Ahram Online
The United Bank was formed out of the merger of three failing banks which the central bank acquired in 2006.
23.02.2016
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News by
Banking and Finance
EBRD continues to support SMEs in Egypt, providing a US$ 30 million to Bank Audi SAE Egypt for on-lending to SMEs.
13.02.2016
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News by
Financial
Egypt, which relies heavily on imports, has been facing a shortage of foreign currency since a 2011.
06.02.2016
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News by
Zawya
The government projects growth of around 5.5 percent this fiscal year, compared with an estimated 4.2 percent in 2014/15
30.01.2016
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News by
Ahram Online
The bank raised the monthly limit to $250,000 from $50,000 for importers of food, machinery, spare parts, capital goods and medicine.
27.01.2016
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News by
Bloomberg Business
Company accounts for about 90% of ATMs in Egypt, says Africa Managing Director.
23.01.2016
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News by
Daily News Egypt
Amer said the offerings would not include state bank giants National Bank of Egypt and Banque Misr.
20.01.2016
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News by
Ahram Online
The CBE said earlier it would require lenders to apportion 20 percent of their total loaning portfolio for SMEs, with interest rates below 5%.
19.01.2016
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News by
Ahram Online
The governor said that the push to coordinate economic policy with the government was an indication to Egypt’s determination to enact reforms.
15.01.2016
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News by
The Daily Star
CBE decision will help reduce credit investments given to VIP clients from 20 to 15% It will also reduce investments in monetary fund from 5 to 2.5%.
14.01.2016
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News by
All Africa
Central Bank cut the maximum amount that banks are allowed to lend to a single client to 15 percent of their Tier One capital, down from 20 percent.
12.01.2016
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News by
Reuters
Egypt's economic growth is forecasted to slow to 3.8 percent in fiscal year 2015/16 from 4.2 percent expected in 2014/15.
08.01.2016
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News by
Ahram Online
Egypt has found a lifeline in tens of billions of dollar loans and deposits from Gulf countries.
06.01.2016
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News by
Star Africa
