Arts carnival to be held in Zamalek for the second year
After the outstanding success of its first round, faculties of fine arts, art education, and music education in Zamalek organise their second annual arts carnival that hosts hundreds of students,…
Will commodity prices go down as pound strengthens?
Companies pledge to bring prices down; others refuse due to inventory input
Five draft laws and money market development files are currently handed to Sahar Nasr business portfolio
Sherif Samy, chairperson of the Egyptian Financial Supervisory Authority (EFSA), said that five draft laws and money market development files are currently handed to the Minister of Investment's Sahar Nasr…
Inflation hike is temporary, expected to decline in the coming period, hence interest rate kept unchanged: MPC
CBE raised the interest rate by 3% on 3 November 2016 as prelude to hiking inflation
$1.12bn offered for investment in T-bills
CBE received 33 offers, accepted 29 worth $1.09bn, with an interest average of 3.62%
International bonds raised Egypt balances to $11.5bn by end of January 2017: Ministry of Finance
Bond maturities range between 1 to 30 years, and to be due from June 2017 until January 2047
Assigning implementation of New Administrative Capital to Egyptian companies falls in favour of banks in Egypt: Abdellah
Banks are required to facilitate procedures for those companies to obtain letters of guarantee and necessary funds
CIB supports entrepreneurs in cooperation with AUC
AUC V-Lab celebrates the graduation of the first cycle of FinTech Accelerator
EBRD lends NBD–Egypt $125m to support its capital base and stimulate growth
Emirates NBD-Egypt and the European Bank for Reconstruction and Development (EBRD) signed an agreement for a $125m subordinated loan to augment Emirates NBD Egypt’s capital base and support its growth…
NBE injected EGP 7.5bn to finance 9,200 SMEs in first year of CBE’s initiative to support these projects
77% of SMEs obtained loans to expand its existing activities and 23% to newly established projects