FX reserves up by $25.618bn, exchange rate and inflation fall, and public debt rises
Latest by Hossam Mounir
For the first time in the history of the game, the total women’s tournament awards reached $430,000, higher than its counterpart for men, which totalled $185,000.
Dealing with financial institutions is better and cheaper than bonds, says Aboul Fotouh
The CBE noted that debt services reached $13.4bn in fiscal year 2018/19, including $10.2bn in instalments and $3.2bn in interest.
Authority has financed 545,000 small and micro projects, creating 850,000 jobs in last two years, says Gamea
Company aims to establish another securitisation process of EGP 700m, says Hossam Hussein
US currency lost 13 piasters of its value in October, totalling 178 piasters decline since beginning of 2019
We aim to achieve 30-35% growth in various activities this year, says Fahmy
CBE gives last chance for conflicting parties to reach solution
Banque du Caire’s microfinance portfolio reaches EGP 6.5bn benefiting 240,000 customers, targeting EGP 7bn by year-end, says Fayed
This step after low inflation leads to an increase in money supply by about EGP 70bn
The financing is offered at 5% and 7% interest rates, as part of the Central Bank of Egypt (CBE)’s Mortgage Finance Initiative.
8 companies inject EGP 1.5bn, Taamir Mortgage tops with EGP 551.6m with 4,800 clients
Bank manages 1.701m accounts for its clients worth EGP 82.896bn
Arab banking sector assets reached $3.4trn by end-2018 equivalent to 124% of Arab countries’ GDP
Bank pumped EGP 19bn to about 900,000 SMEs
13% of short-term debts are deposits from Arab countries that are renewed every four years
Excluding credit portfolios purchased from micro finance companies or associations in 20% allocated to SMEs from loan portfolios at banks
It aims to provide favourable climate for SME growth, says Gamea
Rural women have acquired the lion’s share of Mastourah financing programme, says fund’s acting executive director
It’s part of bank’s efforts to support, finance development projects, especially in rural areas, ElKosayer
New law reinforces the independence of the CBE and banks’ boards of directors, prepares Egyptian market for a new era in financial technology
Inflation recorded positive increase in September, lower than our expectations
Subscription ends on 4 January 2020, and can be suspended after 10 days if the subscription was not fully covered, says Farouk
Tripartite meeting of CBE’s Legal Advisor, Regional Director, and Legal Affairs Director at NBG Bank to discuss employees’ demands
World Habitat day was approved by the United Nations General Assembly for the first Monday of October annually, aiming to provide access to adequate shelter as a basic human right. The day also serves as a reminder of the world’s responsibility to shape the future.
Bank arranged a syndicated loan of EGP 1.7bn for Redcon Construction in cooperation with QNB Al Ahli
We need to study the reasons for the high BOP deficit, especially in exports and FDI, says Abdel Aal
Private sector receives 60.3% of total facilities, industry at the forefront of beneficiaries, says CBE
BOP records 0.1bn deficits, oil trade balance records $8.1m surplus, FDI net inflows decrease by $1.8bn to $5.9bn