1765 Articles
The Central Agency for Public Mobilisation and Statistics (CAPMAS) issued its quarterly bulletin on industrial production of public and private sector enterprises that employ 25 or more workers for the third quarter (Q3) of 2017. The report showed that the total industrial production value (excluding crude and refined petroleum) reached EGP 145.3bn during Q3 2017 …
Egyptian exports should be directed to east, south, says El Kady
We remain fundamentally optimistic regarding our economic expectations for Egypt in near future: Williams
We are racing against time to completebank’s restructuring process, prepare it to take on a bigger role in serving national economy across various fields: Elkosayer
Market expectations shift from cuts to maintaining
Bank offered loans to 2,158 customers to feed, fatten 22,400 cattle nationwide, intends to inject further EGP 200m in project soon
Authority aims to finance small projects to limit irregular migration, support Egypt’s sustainable development strategy, says Gamea
Egypt receives foreign exchange inflows of about $120bn since flotation, says Amer
Despite rising interest rates in emerging markets, Egypt’s strong outlook, exchange rate stability justify continued opportunity to invest in fixed income instruments
Funding secured from NBE, including EGP 5m to finance operations, EGP 2m for letters of guarantees for tenders, says Nagaty
MPC trimmed key interest rates by 2% since beginning of 2018 after inflation eased
Egypt’s newest microfinance lending institution, Sandah, was launched in Cairo on Tuesday with EGP 155m in capital. Its main founding shareholders—the Arab African International Bank (AAIB) and SANAD Fund for MSME (SANAD)—celebrated the launch of Egypt’s newest microfinance company. SANAD Fund’s expansion in the Egyptian market is a testament to the international financial institutions’ confidence …
HC Brokerage agrees with the Central Bank of Egypt (CBE)’s governor, Tarek Amer, that exchange rate volatility is normal, and that it should be widely accepted by all, including consumers and the investment community, chief economist at HC Brokerage, Sara Saada, told Daily News Egypt on Monday. However, it is not very clear from the …
The deficit in Egypt’s trade balance reached $3.28bn in February 2018 compared to $3.32bn in the same month of the previous year, a decrease of 1.2%, according to the Central Agency for Public Mobilisation and Statistics (CAPMAS)’s monthly bulletin of foreign trade data for February 2018, issued on Tuesday. The value of exports increased by …
Company begins through four main branches in Cairo, Giza, Mansoura, Assiut, targets 55 branches by end-2019, 150 within five years
Report by IMF is positive, stability of exchange rate improves investment climate, says Saada
CBE accepts $1.1bn, with average interest of 3.29%
Proceeds to cover previous tender on 9 May 2017 worth $1.21bn
Cooperation between two financial services providers required for benefit of all, bankers say
Plan aims to attract investments of $2-4tn to Egypt, North Africa, Al Obeid says
Foreign exchange reserves at the Central Bank of Egypt continued to rise in April 2018, reaching $44.029bn from $42.611bn at the end of March 2018, an increase of about $1.418bn. This marks the highest level of foreign exchange reserves in the history of the Central Bank of Egypt. The reserves are sufficient to cover over …
Only 15% of Egyptians deal with banks, says Okasha
We have other requests worth EGP 88m, sales mostly of EGP 500, EGP 2,500 certificates, says ElKosayer
Union stressed on importance of creating regulatory system that ensures safety of payments to enhance confidence of dealers with banking, financial sectors in Arab region
Beheira, Minya, Sharqeya governorates topped supply list of local wheat: ElKosayer
32% of Egyptians deal with banking system, post offices, Hussein says
Bank’s role is to grant funding, raise financial culture of investors, says Kashmiri
Large spread of banks across the country to promote their services, inclusion of new clients
Financial inclusion is a key pillar for achieving the state vision for sustainable development: Fayed
Banks still prefer to lend to government, abandon role in providing credit to other sectors to enhance business, investment, says Aboul Fotouh
