CBE contemplates range of scenarios to revive faltering factories and promote production
The Coordinating Council will discuss the CBE’s alternatives on 10 January, and…
NBE to increase retail loans to EGP 50bn by end of 2017
Retail loans reached 21% of the bank’s total loans portfolio, and will…
Pound lost 9% of its value against dollar in 2015, retreat to contine in 2016
The dollar’s value rose from EGP 7.18 in January to EGP 7.83…
Amer presents to Al-Sisi CBE efforts to stabilise prices, secure staple goods
The CBE governor met with the president to discuss the programme developed…
EGP 2bn increase in Banque Misr retail banking portfolio in FY 2014/2015
Bank spends more than EGP 19.24bn annually on salaries, transferred by public…
Banks delay raising interest rates on pound savings until return from debt instruments increases
The banks started to hold intensified meetings on Sunday morning to discuss…
Banque Misr arranges EGP 43.5bn loans to several economic sectors
Loans will be granted to construction, shipping, electricity, and energy sectors, among…
Calls to Housing Ministry to allocate part of new capital for housing
Abdallah expects no less than EGP 20bn in revenues from selling those…
NBE arranges loans for electricity sector worth EGP 39.4 in five years
The bank intends to support the national economy by funding national projects
Visa will present Egypt with new opportunities for financial inclusion: Senior VP
Poverty alleviation requires multiple policy interventions and financial inclusion is just one,…