27 Jul 2014
Seven banks have raised prices on returns, in a weak response to the Central Bank of Egypt’s (CBE) decision to raise various rates on deposits and lending.
A recent CBE decision saw an increase in the benchmark overnight"......Continue Reading
21 Jul 2014
EGX30 down 0.72 percent after interest rates were raised last week as a precautionary measure against inflation from fuel price hikes.
Egypt's stocks fell on Sunday in its first session since the country's central bank decided to raise interest rates to control inflation expected"...Continue Reading
20 Jul 2014
19 Jul 2014
Egypt’s central bank (CB) raised benchmark interest rates late on Thursday in an unexpected move seen as an attempt to hold down inflation less than two weeks after the government slashed subsidies on fuel and electricity.
The central bank raised the overnight deposit rate to 9.25 per cent from 8.25 per cent and the overnight lending rate to 10.25...
16 Jul 2014
Egypt's central bank is expected to leave interest rates unchanged on Thursday as it balances its efforts to keep inflation in check with the need to stimulate the economy after more than three years of stagnation, a Reuters poll showed.
15 Jul 2014
The Egyptian government has commenced the process of revising economic legislation, including contract enforcement laws, the bankruptcy law, the finance market law and others, to ensure conformance to international"...Continue Reading
15 Jul 2014
The International Monetary Fund (IMF) published 9 July a report on subsidies in the Middle East and North Africa (MENA) region, also outlining the necessary triggers for reform.
14 Jul 2014
"We will decide on a suitable time to offer the dollar bond after consulting"......Continue Reading
14 Jul 2014
Loan gets green light to finance micro and small enterprises in Egypt, especially in Upper Egypt.
The World Bank has approved a $300 million interest free loan to Egypt to fund micro and small enterprises (MSEs), Mounir Fakhry Abdel-Nour, Egypt's minister of industry, commerce and"...Continue Reading
10 Jul 2014
The World Bank is in negotiations to grant Egypt a loan of $500m to finance delivery of natural gas to approximately 800,000 housing units through the next fiscal year, according to Khaled Abdel Badie, chairman of the state-run Egyptian Natural Gas Holding Company (EGAS).
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