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Islamic banking volume rose to EGP 250bn, EIFA chief

Thursday 24/05/2018 14:20

By Ahmed Desouqy: The chairman of The Egyptian Islamic Finance Association (EIFA) Dr. Mohamed El-Beltagy expects that Islamic banking sector would gr...
Financial regulators Okays Royal Insurance’s e-issuance

Wednesday 23/05/2018 14:10

By Marwa Abdel Naby and El Shazly Goumaa: The Financial Regulatory Authority (FRA) has agreed to grant Royal Insurance license of electronic issuance...
Treasury notes the highest since January on foreigners sell-offs

Monday 21/05/2018 19:40

By Mohmed Salem Average costs recorded for Egypt's  treasury notes soared last week, as Al-Mal IR index tracking average returns on local treasur...
Banque Misr does not plan to open a branch in Saudi, official

Sunday 20/05/2018 12:00

By Mohamed Salem: The vice chairman of Banque Misr Akef El Maghraby has denied plans for opening a branch in the Saudi market, adding that his bank h...
CBE to unleash an initiative proposing debt relief for SMEs: governor

Wednesday 16/05/2018 18:23

By Sayed Badr The Central Bank of Egypt is poised to unleash an initiative proposing a debt relief for 107 clients defaulting  on debt interests ...
Central bank seen keeping key rates unchanged

Wednesday 16/05/2018 10:11

Reuters: Egypt’s central bank will likely keep its key interest rates unchanged at its meeting on Thursday, a Reuters poll showed on Tuesday, a...
Government asks India to finance 5 projects

Tuesday 15/05/2018 13:11

By Sammar El Sayed: Ambassador of India to Egypt Sanjay Bhattacharyya said that there have been discussions with the Egyptian government to secure fi...
Finance in Motion to up investments in Egypt to USD200mln

Monday 14/05/2018 18:36

By Asmaa El-Sayed Finance in Motion is poised to increase  investments in the Egyptian market to USD200mln late this year up from USD125mln now....
Foreign inflows exceeded $120 billion since 2016 pound float: Cbank chief

Monday 14/05/2018 15:14

Reuters: Egypt’s Central Bank Governor said foreign inflows had exceeded $120 billion since its pound currency was floated in November 2016, st...
IFC extends $15 million credit facility to Vinavil Egypt to boost production

Monday 14/05/2018 14:20

Al Mal: IFC, a member of the World Bank Group, is providing a $15 million loan mainly in Egyptian pounds to Vinavil Egypt for Chemicals, a leading ma...