Hilton Worldwide Company plans to increase the number of hotel rooms it manages in Egypt by 40 …
Tag:
foreign currency
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Banks
C.bank chief says foreign currency inflows to Egypt’s bank system $80bn since float
by Yomna Yasserby Yomna YasserForeign currency inflows into Egypt’s banking system have reached $80 billion since the central bank floated the …
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Banks
Egypt clears huge financial backlog as it rebounds from USD shortage
by Yomna Yasserby Yomna YasserEgypt has cleared a multibillion-dollar backlog of foreign-currency requests from importers and foreign companies since floating the …
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Egypt’s Suez Canal profits rose to $447.1 million in July 2017 from $427.2 million in June 2017, …
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Banks
Banque Misr in talks with international funding institution for new dollar debt
by Yomna Yasserby Yomna YasserBanque Misr is negotiating with one of the international banking institutions in order to obtain a new …
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Egypt is increasing fees for entry visas from $25 to $60 for incoming tourists starting 1 March, …
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Banks
Egypt central bank to hold $4 billion auction to cover imports on pound float
by Yomna Yasserby Yomna YasserEgypt’s central bank will hold Thursday an exceptional auction for $4 billion, senior banking sources told Amwal …
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The number of tourists visiting Egypt fell in March for the fifth consecutive month, after the downing …
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Egypt’s net foreign direct investments (FDI) surged in the second quarter of the financial year 2015/16 to …
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Banks
Egypt c.bank FX auction to clear backlog on imports of staples, medicines
by Yomna Yasserby Yomna YasserEgypt’s central bank announced Tuesday that foreign currency offered at its regular weekly auction would be dedicated …