loans
Fitch Solutions warns of high inflation rates in Egypt
Economy
June 27, 2023
Fitch Solutions warns of high inflation rates in Egypt
Inflation remains a major concern for Egyptians and will lead to a sharp rise in borrowing costs, warned Fitch Solutions,…
Egyptian pound tumbles to LE30 against US dollar, breaking all previous records
Main Slider
January 11, 2023
Egyptian pound tumbles to LE30 against US dollar, breaking all previous records
The Egyptian pound witnessed a historic low on Wednesday, hitting LE30 versus the US dollar in the money markets. Egypt…
CBE to receive billion dollars from RSF in January
Business
December 4, 2022
CBE to receive billion dollars from RSF in January
Informed sources said that the loan decided by the Resilience and Sustainability Facility (RSF), of the International Monetary Fund recently…
Cabinet denies launch of app to grant citizens loans
Egypt
October 20, 2022
Cabinet denies launch of app to grant citizens loans
The Media Center of the Egyptian Cabinet denied rumors claiming that the Ministry of Communications was launching an application for…
Sudan seeks debt relief pledges, investment at Paris conference
Middle East
May 17, 2021
Sudan seeks debt relief pledges, investment at Paris conference
Sudan hopes to entice investors and secure pledges to pay off its arrears to the International Monetary Fund at a…
Central Bank of Egypt expands base of beneficiaries for LE100 bn stimulus initiative
Business
April 6, 2020
Central Bank of Egypt expands base of beneficiaries for LE100 bn stimulus initiative
The Central Bank of Egypt (CBE) on Sunday decided to expand the base of beneficiaries for its LE100 billion stimulus…
CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic
Business
March 17, 2020
CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic
The Central Bank of Egypt (CBE) has ordered local banks in the country not to impose additional fines applied to…
As nations bicker, a greener future evolves in finance
Environment
February 9, 2020
As nations bicker, a greener future evolves in finance
Away from the toxic atmosphere at climate summit talks, in boardrooms, banks and trading houses, a transformation in green finance…
Assiut University first Egyptian university to apply student loan system
Egypt
September 30, 2019
Assiut University first Egyptian university to apply student loan system
The President of Assiut University, Tarek al-Gammal, announced the board’s approval on launching a student loan system in all faculties…
Sisi officially approves Egypt-EIB loan agreement
Egypt
August 8, 2019
Sisi officially approves Egypt-EIB loan agreement
President Abdel Fattah al-Sisi has approved a government agreement between Egypt and the European Investment Bank (EIB) on the Kitchener…