Egypt’s financial leasing industry faces short-term challenges but will be able to pick up pace on the …
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Egypt’s Dollar Shortage
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Egypt announced on Friday that it had received the first $1 billion tranche of a $3 billion …
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Egypt’s largest listed bank, Commercial International Bank (CIB), has tightened limits on pound-linked debit cards used overseas …
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Banks
Egypt central bank shuts down so far 47 currency exchange bureaus
by Yomna Yasserby Yomna YasserEgypt’s central bank has shut down and revoked the licences of 47 foreign exchange bureaus so far …
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Egypt News
Sisi: Egyptians ‘very soon’ will be able to get dollars at one rate
by Yomna Yasserby Yomna YasserEgyptians will “very soon” be able to purchase U.S. dollars at a unified rate, state television quoted …
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Banks
Emirates NBD Egypt reverses move to suspend credit, debit card use abroad
by Yomna Yasserby Yomna YasserEmirates NBD Egypt has cancelled a decision taken earlier to suspend use of debit and credit cards …
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Egypt’s stock market traded lower on Tuesday; main index, EGX30 fell 0.42 percent, to 7596.96 points. Sentiment …
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Banks
Emirates NBD Egypt Bank suspends credit, debit card use abroad on dollar shortage
by Yomna Yasserby Yomna YasserEmirates NBD Egypt is suspending use of debit and credit cards abroad, a control intended to keep …
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Banks
Moody’s bets on foreign investments in Egypt to ease dollar shortage
by Yomna Yasserby Yomna YasserDespite warning about the pressures on foreign currency liquidity resulting from the dollar shortage, Moody’s has maintained …
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Egypt’s stock market posted weekly gains worth 18.8 billion Egyptian pounds ($2.4 billion). Main index, EGX30 has …
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