5 banks represent UAE in Egyptian market
Five UAE banks currently operate in the Egyptian market; Emirates NBD, the…
UAE Banks Federation hosts third annual ME Banking Forum
The forum is held in cooperation with the Financial Times Live, and…
NBE, Banque Misr collect EGP 28bn within 5 days, expected to increase
Both banks attracted liquidity from outside banking sector, dollar selling operations to…
CBE to cover 25% of banks’ temporary credit facilities granted to importers in foreign currencies
Banks are obliged to deposit the amounts the will obtain with the…
Official instructions on converting importers’ debts not yet received: Banks
A prominent banker told Daily News Egypt that banks operating in the…
EAEF to increase investment in Egypt to $1bn over 3 years
The Egyptian-American Enterprise Fund (EAEF) targets increasing its investments in the Egyptian…
Fawry allocates EGP 20m to electronic commerce sector
By Mohamed Alaa El-Din and Hossam Mounir Fawry Company will allocate EGP…
3 international investment funds acquire 85% of Fawry
Approximately 20% of the shares were acquired by the Egyptian American Enterprise…
CBE intervenes to strengthen pound against dollar
Dollar fell in black market for hours until it suddenly stopped