Finance News
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US dollar passes the LE19 mark
The increase is the single highest shift after the stability that lasted three days at the national banks.
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Egypt plans $2.5-3 billion Eurobond by mid-January
Egypt planned to begin a road show for its initial Eurobond issuance in November but later said this may be delayed due to market volatility.
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Switzerland unblocks 180m francs frozen in Egypt probe
Criminal investigations against six unnamed persons are now underway, the OAG said in a statement, while 430 million francs remains frozen.
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AfDB approves $500 million loan payment to Egypt
The loan is the second of three expected disbursals.
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US dollar exchange rate surpasses LE18
In the CIB, the sale price for the US dollar reached LE18.60 on Wednesday morning.
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Egypt pound drops to lowest rate against dollar since 3 November
The country's foreign reserves stood at $23 billion by the end of November.
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How will Egypt’s stock market react to recent bombings?
Recent worldwide events, including the Istanbul bombing, will shield the Egyptian stock market from any potential repercussions of the church bombing.
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UAE’s Mawarid Technology Promises to Pump Investments at a Value of USD 100 Million in Egypt
Nuaimi: Egypt Represents a Regional Gateway for Arab and African Markets.
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Insurance Industry in Iceland, Key Trends and Opportunities to 2020
ResearchMoz presents this most up-to-date research on "Insurance Industry in Iceland, Key Trends and Opportunities to 2020".
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China signs three-year $2.62 billion bilateral currency swap with Egypt
A move that importers and economists said would facilitate trade and improve foreign currency liquidity in cash-strapped Egypt.
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Life Insurance in Colombia, Key Trends and Opportunities to 2020
Researchmoz added Most up-to-date research on "Life Insurance in Colombia, Key Trends and Opportunities to 2020" to its huge collection of research re
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Egypt's foreign reserves rise by $4 bln in November
The country's foreign reserves reached $23 billion by the end of November, up from $19 billion in October 2016.
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Egypt's Further Economic Good Sense - Cutting Fuel Subsidies As Well As Floating The Pound
Getting rid of the price fixing and moving to the market rate will increase economic efficiency. Increased economic efficiency makes people richer.
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New Report Shares Details About The Global Travel Insurance Industry 2016 Market Analysis
Qyresearchreports include new market research report "Global Travel Insurance Industry 2016 Market Research Report" to its huge collection.
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Egypt Is Charting a New Economic Course
Unlocking the country’s potential through private-sector-led growth free of the heavy hand of the state.
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Egypt's banks raise $3 bln since pound float decision
CBE had decided in early November to float the pound and raise key interest rates as part of a set of reforms aimed at alleviating the dollar shortage
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Ahram Hebdo economic conference to highlight French investment in Egypt
The conference, held in partnership with the French Chamber of Commerce and Industry and the French embassy in Cairo, will be held from 9am to 5pm.
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IMF Loan, rights and obligations
The loan is not just money, it’s a full economic reform program that needs to be implemented over 3 years and will be reviewed 5 times.
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IMF approves $12 billion loan to salvage Egypt's economy
The IMF made the announcement on Friday and said the loan aims to help Egypt "restore macroeconomic stability and promote inclusive growth".
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Egypt nets $2B in financing as IMF deal nears
Bonds were chosen over other financing options due to “elevated” interest rates in parts of the market.