Egypt’s Minister of Finance Amr El-Garhy is scheduled Sunday to address the parliament on the country’s new …
Financial Institutions
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Financial Institutions
Egypt issues preliminary financial statement for FY2018/19 budgeting
by Yomna Yasserby Yomna YasserEgypt’s Finance Ministry issued Friday the preliminary financial statement for the 2018/2019 budget for the third year …
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Financial Institutions
Egypt closes €2 bln euro-denominated bond issuance: ministry
by Yomna Yasserby Yomna YasserEgypt closed a €2 billion euro-denominated two-tranche bond issuance on Monday that was 3.8x oversubscribed, the Finance …
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Financial Institutions
Egypt to increase a maximum of €2 bln with planned bond
by Yomna Yasserby Yomna YasserEgypt will raise up to €2 billion with its planned dual-tranche bond, which is expected to price …
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Financial Institutions
Egypt to maintain customs exchange rate at 16 pounds per $1 for 6 month in a row
by Yomna Yasserby Yomna YasserEgypt has decided to maintain its current customs exchange rate of EGP 16 per $1, effective in …
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Financial Institutions
Mastercard unveils roadmap for contactless payment consistency
by Yomna Yasserby Yomna YasserMastercard announced an initiative to create greater payment consistency by making “tap and go” standard in the …
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Financial Institutions
Egypt’s Finance Ministry dismisses reports of exchange rate 17.5 pounds to 1 USD
by Yomna Yasserby Yomna YasserSources at the Egyptian Ministry of Finance denied that the government has fixed the exchange rate for …
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Financial Institutions
NKC expects strong rebound for Egypt economy after reforms
by Yomna Yasserby Yomna YasserEgypt’s economy is expected to witness more rebound in the coming period, an economist at Oxford Economics’ …
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Financial Institutions
Egyptian external debt may exceed $87.5 bln on Eurobond sale
by Yomna Yasserby Yomna YasserEgypt’s external debt could surpass $87.5 billion now, on the back of issuing Eurobonds, according to a recent report …
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Financial Institutions
Remittances of Egyptians in Jordan reach $80 mln in January
by Yomna Yasserby Yomna YasserThe Ministry of Manpower and Immigration said on Saturday that the total remittances of Egyptians working in …