After two years of talks Russia and Egypt this week finally signed notices to proceed allowing Rosatom …
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Financial Institutions
Foreign investment in Egyptian securities rises to $19 billion: minister
by Yomna Yasserby Yomna YasserForeign investment in Egyptian securities hit $19 billion as of December 6 since the flotation of the …
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Egypt on Friday signed a deal with the World Bank for a $1.15 billion development policy loan …
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Banks
Foreign reserves increase to $36.723bn by end-November: Egypt’s c.bank
by Yomna Yasserby Yomna YasserEgypt’s foreign reserves increased to $36.723 billion by end of November, up from $36.703 in October, the …
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Banks
World Bank approves $1.15 bln loan to Egypt to support economy
by Yomna Yasserby Yomna YasserWorld Bank Group said its executive board approved on Tuesday a $1.15 billion development policy loan for …
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Financial Institutions
Egyptians to start feeling effects of economic reforms in 2018: IMF
by Yomna Yasserby Yomna YasserInternational Monetary Fund (IMF) mission chief for Egypt Subir Lall said on Sunday that Egyptians will start …
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Banks
ABK bank to partake in 200mn pounds loan for Egypt’s General Petroleum Company
by Yomna Yasserby Yomna YasserKuwait-based Al Ahli Bank of Kuwait (AKB) agreed to participate in a loan to Egypt’s General Petroleum …
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Financial Institutions
Egypt to receive next IMF loan disbursal in December: minister
by Yomna Yasserby Yomna YasserEgypt is set to receive its next International Monetary Fund loan disbursal in December, Finance Minister Amr …
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Banks
Egypt sells $1.728bn in one-year dollar-denominated treasury bonds in auction
by Yomna Yasserby Yomna YasserEgypt has sold $1.728 billion in one-year dollar-denominated treasury bonds to local and foreign financial institutions in …
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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 …