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Islamic Development Bank to lend Egypt US$330 million

Islamic Development Bank to lend Egypt US$330 million

Several local and regional banks are preparing to give the Egyptian government a US$330 million loan, in the second portion…
Stock exchange rebounds after two sessions of decline

Stock exchange rebounds after two sessions of decline

The Egyptian Stock Exchange index rebounded strongly on Wednesday after two sessions of declines as positive sentiment generated by government…
Presidency outlines progress on bread reforms

Presidency outlines progress on bread reforms

Bread subsidies have cost LE16 billion during the current fiscal year 2012/13, the presidency said in a report Wednesday. A…
Barclays Bank Egypt mulls Islamic services

Barclays Bank Egypt mulls Islamic services

Barclays Bank Egypt is considering introducing some Islamic banking services in the local market in the near future, capitalizing on…
Kuwaiti institutions in talks to invest in Egypt

Kuwaiti institutions in talks to invest in Egypt

The Finance Ministry is in talks with the Kuwaiti Ministry of Finance and a number of investors in the hope…
Central Bank happy with value of pound: official

Central Bank happy with value of pound: official

Egypt's central bank is comfortable with the current value of the Egyptian pound and is not targeting any particular rate…
At Euromoney, officials try to calm investor fears

At Euromoney, officials try to calm investor fears

Officials tried to assure foreign and domestic investors that the local climate for business is safe and friendly on Tuesday,…
With loans, a flood of Turkish business

With loans, a flood of Turkish business

After receiving some substantial financial aid from the Turkish government, Egypt is increasingly turning to its Anatolian neighbor for much-sought…
Central Bank sources: Foreign banks seek to buy Egyptian banks

Central Bank sources: Foreign banks seek to buy Egyptian banks

The Central Bank of Egypt has received several requests from foreign banks to buy out BNP Paribas and French Societe…
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