16 Apr 2014
More than 70 senior officials representing the Common Market for Eastern and Southern Africa (COMESA) trade bloc, the Egyptian export and business council private sector, leading banks and related ministries, attended the African Development"...Continue Reading
15 Apr 2014
The Egyptian pound weakened at a central bank dollar sale and on the black market on Monday, after hitting a six-month low last week.
The central bank said it sold dollars at a cut-off price of LE"...
13 Apr 2014
Bank Muscat, the flagship financial services provider in the Sultanate of Oman, and American International Group, Inc (NYSE: AIG) today announced that they have entered into a 10-year strategic bancassurance agreement under which AIG will become the exclusive provider of non-life insurance"...Continue Reading
09 Apr 2014
QNB Group, the World’s Strongest Bank and the leading bank in the Middle East and North Africa, announced its results for the three months ended 31 March 2014. These results include the financial results of QNB ALAHLI in Egypt.
07 Apr 2014
Abu Dhabi Islamic Bank (ADIB) in Egypt announced its financial results for 2013, reporting its first positive net income since 2007 with EGP 103m. In 2012, the bank’s net income recorded EGP 855m.
06 Apr 2014
The World Bank’s board of executive directors agreed on 1 April to loan Egypt $300m to help finance micro and small enterprises (MSEs), according to a statement from the organisation.
03 Apr 2014
Egypt’s foreign reserves rose to around $17.42 billion in March from $17.307 billion in February, central bank governor Hisham Ramez said, edging further away from critical lows they hit last year.
The reserves fell sharply following the uprising that ousted President Hosni Mubarak in early 2011, but have been bolstered since last summer when Gulf...
01 Apr 2014
Egypt's pound strengthened marginally against the dollar at a central bank dollar sale on Monday after weakening at the previous two sessions, and also firmed slightly on the black market.
01 Apr 2014
01 Apr 2014
The African Development Bank (AFDB) announced that it plans to continue its support to the Egyptian government by expanding its lending programme in 2015. The bank aims to finance projects in the water, irrigation and energy sectors along with small and medium enterprises (SMEs).
Most Popular Articles