Finance News
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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 keeps customs exchange rate at EGP 16 per $1 in November
The country has kept its customs exchange rate at EGP 16 since October 2017.
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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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Delayed state offering stalls Egypt's surging share sales
Egypt hopes the sales will raise badly needed funds for the state and boost the private sector as the country implements austerity measures.
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Egypt to weigh local-currency bond on international market
While investors would purchase the bonds in dollars, the principal and interest would be payable in Egyptian pounds, which means the buyer bears rate.
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We can see positive signs that Egypt's economy is gradually improving
The sixth interview in the series is with Country Director of the United Nations Development Programme (UNDP) Randa Aboul-Hosn.
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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 prepares for London Stock Exchange
Kamel said that the traditional form of the Egyptian pavilion usually established in previous similar events has changed completely.
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Global Aviation Insurance Market 2018-2025 | Government Initiatives and Schemes to Boost Demand | Allianz, Chinalife
“Global Aviation Insurance Market Size, Status and Forecast 2018-2025” to its huge collection of research reports.
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Global Professional Liability Insurance Market 2018 Recent Developments, Major Regions, Top Players, Opportunities 2025
“Global Professional Liability Insurance Market Size,Status and Forecast 2025” to its huge collection of research reports.
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Financial Leasing Market Will Touch a New Level in Upcoming Year
“Global Financial Leasing Market Size,Status and Forecast 2025” to its huge collection of research reports
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Global Insurance Technology Market 2018-2025 | Government Initiatives and Schemes to Boost Demand
“Global Insurance Technology Market Size, Status and Forecast 2025” to its huge collection of research reports.
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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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No threats attached to China investments
Egypt and China had signed deals worth $18 billion as part of the Belt and Road initiative.
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Egypt's Hassan Allam to list shares on the Egyptian Exchange and GDRs on the London Stock Exchange
The Selling Shareholders include the Hassan Allam family which collectively owns an 86.2% stake in the Company.
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Egypt maintains customs exchange rate at EGP 16 to $1 for October
Egypt began setting a monthly customs exchange rate in January 2017, following the liberalization of its currency in November 2016.
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Egypt cancels auction of 5- and 10-year treasury bonds
Three previous T-bond auctions had been cancelled after bankers and investors demanded high yields on the debt.
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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.