Finance News
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Egypt Entrepreneurship Summit launched
The summit is under the auspices of the Ministry of Investment and International Cooperation.
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Egypt signs financing agreement worth $3.1 bln with international lenders
The central bank said that Egypt received a total of $4.3 billion in bids for the repurchase transaction.
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Average yields on Egypt's 3- and 7-year T-bonds rise
The average yield on the three-year bonds rose to 15.874 percent on Monday from 15.578 percent at the last auction, on Oct. 30.
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Overseas Egypt T-bill holdings drop for first time since float
Overseas investors held 330.9 billion pounds ($18.8 billion) worth of T-bills as of Nov. 7 versus 333.6 billion pounds a week earlier.
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IMF reaches agreement with Egypt on $2 billion loan installment
An IMF delegation visited Egypt from 25 October to 9 November to assess the progress of the loan programme, which was finalised in November 2016.
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Egypt says foreign reserves rise to $36.703bn at end-October
Cairo’s foreign reserves have been climbing since the country secured a $12 billion, three-year International Monetary Fund loan programme.
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Egypt economy to grow by 4.5 percent in 2018
IMF expects that the Egyptian economy will grow by 4.5 percent in 2018 up from 4.1 in 2017.
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Egypt to keep customs exchange rate at 16 pounds in November
The pound has gradually strengthened in recent weeks, standing at about 17.63 to the dollar up from about 17.71 last month.
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IMF official says Egypt's economy is seeing `Broad-Based' growth
Gross domestic product expanded at an annual rate of 4.6 in the first half of 2017, the fastest pace in seven years which surprised economists.
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Egyptian Exchange hosts ASEA annual conference next month
This comes as part of the entity’s efforts to activate the cooperation with the African financial centers.
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Nasr, HSBC bank backs Egypt's strategy to lure investments
Nasr asserted the ministry's keenness to cooperate with HSBC bank to lure investors to Egypt especially for the widespread bank branches worldwide.
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Egypt's Banque Misr says enters Russian market
The bank aims to ensure good conditions for Egyptian businessmen who aim at investing in Russia
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Egypt- Government increases borrowing from domestic market to highest level ever during Q2 2017/18
The country suffers from a deficit in the general budget estimated at EGP 379.6bn during the fiscal year (FY) 2016/2017:Minister of Finance.
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Egypt issues EGP 13.25 billion in treasury bills
Egypt's finance ministry said a 91-day-term treasury bill was issued worth EGP 6.5 billion with an average yield of 18.984% from 19.001%.
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Egypt’s inflation dips in September
The central bank raised its key interest rates by 200 basis points in July, seeking to ease the inflationary pressure, but has kept them since.
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Yields rise on Egypt’s five- and 10-year T-bonds
Egypt has raised interest rates by 700 basis points since the float.
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UK Private Motor Insurance : Market Key Trends, Challenges and Standardization 2017
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Egypt to raise banks’ reserve requirement as it battles soaring inflation
The reserve ratio, used to control money supply, will increase to 14 percent from 10 percent from Oct. 10.
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Foreign exchange reserves up by $392m at end of September
The foreign exchange reserves increased by more than $21bn over the past 14 months, where it stood at about $15.5bn in July 2016.