Finance News
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Egypt inches toward IMF bailout as shortages, prices enrage
Egypt still needs $2 billion in foreign reserves to reach a position of strength with the IMF before it starts to gradually float its currency.
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Making currency exchange price more flexible is essential part of government's programme
Chris Jarvis, the International Monetary Fund's (IMF) mission chief for Egypt talked to the daily news Egypt about the new loan.
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Resuming the commodity stock exchange depends on the Supply Ministry's current direction
The draft of the futures stock exchange stipulates that the latter be in the form of a joint stock company operating under the supervision of EFSA.
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Egypt close to securing cash for IMF deal
The IMF's condition was for Egypt to obtain several billion dollars of financing from other sources before a loan deal goes ahead.
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Barclays to sell its Egypt business to Attijariwafa Bank
Barclays is thus ending its 150 years of history in Egypt, where it has around 56 branches and 1,500 employees.
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Egypt to sign $500 million loan with World Bank for Upper Egypt development
The project will support Qena and Sohag, two of the poorest governorates in Egypt.
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Egypt’s Pound Falls to Black Market Record on Devaluation Bets
The currency dropped to 12.99 per dollar, according to the average quote of four dealers surveyed by Bloomberg in Cairo.
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How to purchase bonds in Egypt
The Egyptian government will issue $3 billion in sovereign bonds in a further attempt to boost its declining foreign exchange reserves.
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egistering fund certificates in EGX to allow investors to compare market and book values
This will lead to radical change in regulating items for funding activities in executive regulations of the Market Law as well as those of IPO.
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Egypt's central bank keeps interest rates unchanged in September
The bank kept overnight deposit rate, overnight lending rate and rate of CBE's main operation at 11.75 percent, 12.75 percent and 12.25 respectively.
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Demand of Insurance Industry in Cote dIvoire Industry : Insights, Development, Research and Forecast 2016-2020
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The story of Yaoota and challenges facing start-ups in the Egyptian market
Egypt is a country with great opportunities but what start-ups really need is more local investors willing to take risks, says Yaoota CEO.
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The Egyptian Economy in 2016
2016: an opening for Egypt’s economy to recover or an entryway into a dark tunnel? International lending is threatened with the fate of Gulf aid.
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Egypt says it's in talks with China over $4B loan
Of the $4 billion, 3 would be spent on development projects, mostly power sector. The remaining $1 billion would be used to bolster foreign reserves.
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IMF sees 'productive' talks on Egypt loans with China, Saudi Arabia
IMF spokesman said that he expected the Fund's board to meet in the next few weeks to consider a $12 billion financing program for Egypt.
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CBE expected to increase interest rate by 1% on Thursday
High inflation, application of VAT would raise Egyptian pound’s interest rate by 2% by the end of 2016, says analyst.
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Personal Accident and Health Insurance in India Key Trends, Shares, Demand, Forecast, Analysis and Opportunities to 2020
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Non-Life Insurance in India Key Trends, Size, Shares, Demand, Forecast, Analysis and Opportunities to 2020
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Demand of Life Insurance in India Industry : Analysis, Insights, Research and Forecast 2016-2020
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Analysis of Cards and Payments Industry in Kuwait : Demands, Insights, Research and Forecast 2016-2020
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