Business
CBE launches LE7 billion initiative to help banks fund larger companies
June 28, 2020
CBE launches LE7 billion initiative to help banks fund larger companies
The Central Bank of Egypt (CBE) on Sunday launched a seven billion LE pledge issuance initiative for the Credit Risk…
Saudi Arabia committee agrees to inject LE200 billion to 5 Egyptian projects
June 28, 2020
Saudi Arabia committee agrees to inject LE200 billion to 5 Egyptian projects
The Saudi Arabia Grant Committee on Sunday agreed to inject LE200 billion to fund five Egyptian projects, Egypt’s Minister of…
IMF approves US$5.2 billion loan for Egypt against COVID-19
June 27, 2020
IMF approves US$5.2 billion loan for Egypt against COVID-19
The International Monetary Fund (IMF) approved on Friday a 12-month US$5.2 billion Stand-By Arrangement (SBA) loan for Egypt. The new…
Egypt top recipient of foreign direct investment in Africa in 2019
June 26, 2020
Egypt top recipient of foreign direct investment in Africa in 2019
The Information Center of the Egyptian Cabinet published an infographic showing that Egypt ranked first in Africa in attracting foreign…
Egypt’s central bank keeps key interest rates on hold – statement
June 26, 2020
Egypt’s central bank keeps key interest rates on hold – statement
CAIRO, June 25 (Reuters) — The Central Bank of Egypt (CBE) kept its main interest rates steady on Thursday, despite…
Dutch minister throws carrier KLM 3.4 bn euro lifeline
June 26, 2020
Dutch minister throws carrier KLM 3.4 bn euro lifeline
THE HAGUE, Netherlands (AP) — The Dutch government announced Friday that it will throw national carrier KLM a 3.4 billion-euro…
IMF to discuss Egypt’s request for US$5.2 bn loan
June 26, 2020
IMF to discuss Egypt’s request for US$5.2 bn loan
The Executive Board of the International Monetary Fund will discuss on Friday Egypt’s request for a US$5.2 billion loan to…
No movement on Thursday in US dollar exchange rates in Egyptian banks
June 25, 2020
No movement on Thursday in US dollar exchange rates in Egyptian banks
The US dollar maintained its price against the Egyptian pound on Thursday, following a slight decline on Wednesday. The US…
Alexandria port receives 22 train vehicles as part of largest deal in Egypt’s history
June 24, 2020
Alexandria port receives 22 train vehicles as part of largest deal in Egypt’s history
The Alexandria port on Wednesday received 22 train vehicles as part of a 1.16 billion euro deal signed between the…
US dollar stabilizes against Egyptian pound exchange rates
June 22, 2020
US dollar stabilizes against Egyptian pound exchange rates
The US dollar maintained its prices against the Egyptian pound’s exchange rates on Monday, recording LE16.11 for purchase and LE16.24…