04 Aug 2015
The European Bank for Reconstruction and Development (EBRD) announced Monday it is partnering with Egypt’s fourth largest commercial bank QNB AlAhli to step up its support for small businesses in Egypt with a US$100 million credit.
03 Aug 2015
The Central Bank of Egypt (CBE) announced that, this year, the annual inflation rate has dropped to 11.39 per cent in June 2015 compared with 13.11 per cent in May, supported by a drop in fresh vegetable prices and despite the increase of the prices of some other food commodities.
03 Aug 2015
Credit Agricole-Egypt's net profits registered an increase of 55.7% within the first half of 2015, bank's business results showed.
The results stated that the net profits recorded 482.99 million Egyptian pounds (US$ 39.5 million) in the first half of 2015 versus 310.22 million Egyptian pounds at the same period"......Continue Reading
01 Aug 2015
Egypt’s central bank (CB) kept its benchmark interest rates unchanged at a monetary policy committee meeting late on Thursday.
The overnight deposit rate remained 8.75 per cent and the overnight lending rate was steady at 9.75.
The key CBE rates “are currently appropriate” considering the balance of risks that include both inflation...
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