US dollar shortage threatens NCMP EGP 1.2bn expansion plan
The National Company for Maize Products (NCMP) is considering temporarily suspending its…
IMF loan best solution for Egypt at the moment: banking leaders
Egypt needs this particular loan in light of the suffering economy, says…
Financial stability is a key priority at the IMF, says Al-Mashat
Rania Al-Mashat talks to Daily News Egypt as she assumes new role…
Interest rates for deposits set at 11.75%, lending at 12.75%: Monetary Policy Committee
The committee’s decision comes in an effort to control the rising rate…
Ministry of Investment to improve policies with World Bank expertise
The ministry is evaluating the investment climate and the requirements for preparing…
IMF welcomes cooperation with Egypt to fund economic programme
It is hoped that this will achieve stability in Egypt's financial markets,…
CIB reports a record 28% increase in Q2 net income compared to 2015
In the first half of 2016, funding to businesses and individuals reached…
Inflation rate likely to rise next year: experts
Egypt’s core inflation rate climbed to its highest level in seven years…
World economic downturn spares Middle East and North Africa for now
Worrying uncertainty and structural weakness inform depression in world economic growth, commodity…
Challenges in Egypt’s economic recovery remain
According to a report published by Atradius, growth rates are expected to…