The net foreign direct investment in Egypt during the financial year 2015/2016 reached $6.8 billion, said International …
flotation
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Industry & Trade
Egypt attracts $3.1bn foreign investment in domestic debt: deputy finance minister
by Yomna Yasserby Yomna YasserEgypt attracted $3.1 billion of foreign investment in domestic debt instruments since the flotation of the pound …
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Banks
Bank Audi Egypt to increase 4.5bn pounds-loan portfolio by end-2017
by Yomna Yasserby Yomna YasserBank Audi Egypt is planning to increase its loan portfolio volume to 4.5 billion Egyptian pounds ($249.2 …
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Banks
Egypt to raise customs dollar to 17 pounds this weekend – minister
by Yomna Yasserby Yomna YasserEgypt will raise the customs dollar exchange to 17 pounds from 15.7, for two weeks effective from …
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Financial Institutions
Africa Reinsurance sees 4% in 2017 Egypt premiums after float
by Yomna Yasserby Yomna YasserAfrican Reinsurance Corporation (Africa Re) said Wednesday that it expects this year premiums in Egypt would shrink …
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Banks
Banque Misr raises $1.020 billion after Egypt pound float – official
by Yomna Yasserby Yomna YasserEgypt’s second biggest bank, state-owned Banque Misr has collected $1.020 billion since Nov 3 local currency flotation …
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Banks
Faisal Islamic Bank revenues climb by 1.5 bln Egyptian pounds on currency float
by Yomna Yasserby Yomna YasserEgypt’s Faisal Islamic Bank reported a rise in 2016 revenues by 1.557 billion Egyptian pounds ($83.1 million), …
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Financial Institutions
IMF: Egyptian pound depreciation was ‘more than expected’
by Yomna Yasserby Yomna YasserIMF mission chief for Egypt, Chris Jarvis said Wednesday that Egyptian pound had depreciated more than expected …
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Banks
NBE: assets surge to 1.1 trillion Egyptian pounds after currency float move
by Yomna Yasserby Yomna YasserEgypt’s biggest lender, the state-owned National Bank of Egypt says assets have surged to around 1.1 trillion …
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Egypt News
Brent hike, flotation eat 91% of fuel subsidies in H1 of FY 2016-17
by Noha Gadby Noha GadThe Ministry of Petroleum began reviewing fuel subsidy allocations for the current fiscal year (FY) 2016/2017 to …