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Government sells $1.1 bln in one-year dollar T-bills - Central Bank

Sunday 16/12/2018 13:24

Reuters: Egypt sold $1.1 billion in one-year dollar-denominated treasury bills in an auction on Monday, the central bank said. The average yield for ...
IFC identifies 100 startups that are key to speeding up innovation in Africa

Sunday 09/12/2018 10:02

Al Mal: IFC, a member of the World Bank Group, in cooperation with Egypt’s Ministry of Investment and International Cooperation (MIIC) have sele...
IFC to inject USD1bn investments in Egypt by June 2019

Friday 07/12/2018 19:34

Sharm El-Sheikh - Ahmed Ashour & Samar El-Sayed  International Finance Corporation's investments in Egypt are expected to jump to USD1bn by J...
Interest rate of Millionaire Certificate to jump to 10 percent

Thursday 06/12/2018 0:21

By Sayed Badr The United Bank, seeking to increase the interest rate of Millionaire  Certificate by 700 basis point, is hoping to get the approva...
Export Development Bank assets grew by 35% y-o-y

Sunday 02/12/2018 14:13

By Mohamed Salem and Ahmed Desouqy: Export Development Bank of Egypt is currently implementing its strategic five-year plan (2017-2022) aimed at impro...
Tax change could spur banks to step up private lending, analysts

Saturday 01/12/2018 14:44

Reuters: A proposed change to the way Egypt taxes bank profits could encourage lenders to boost credit to the private sector and push up yields on Tre...
C. bank cancels Forex repatriation guarantee for foreign investors

Thursday 29/11/2018 10:10

Al Mal: The central bank has decided to cancel a mechanism that guarantees that foreign investors can repatriate their hard currency earnings. &ldquo...
NBE to sell 500,000 Miza cards.

Thursday 15/11/2018 13:23

By Sayed Badr: The National Bank of Egypt (NBE) is poised to launch the national payment system “Miza” after finalizing required procedure...
mn NBE asking Nile Cotton Ginning for indebtedness of EGP72

Wednesday 14/11/2018 13:38

By Ahmed Aly: The National Bank of Egypt (NBE), the biggest state-owned lender, has requested Nile Cotton Ginning to pay arrears of EGP 72mn represent...
Canal Sugar asks for increasing bridge loan to EGP 3bn

Tuesday 13/11/2018 14:09

By Mohmaed Salem: Canal Sugar Company, owned partially by the Emirati Al Ghurair, has agreed with a local banking consortium to increase the amount of...