Bank News
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Banque Misr achieves highest profits in its history
The bank’s retail portfolio reached LE 18.1 billion in June 2017 versus LE 14.5 billion in June 2016 with 24.8 percent growth rate.
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Akinwumi Adesina, President, African Development Bank (AfDB): Interview
Governments need to work closely with the private sector to close African infrastructure gaps.
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Egypt's EFG Hermes weighs hiring more bankers for Saudi deals
EFG Hermes is considering adding 20 percent more staff as one of the region's biggest investment banks expects an improved deals outlook in KSA.
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Egypt net foreign reserves rise to $42.524 bln after Eurobond sale
Reserves had dropped to about $19 billion before Egypt signed the three-year IMF deal, with Egypt floating the currency and lifting capital controls.
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Egypt to maintain customs exchange rate at EGP 16 per 1 USD in March
In January 2018, Egypt kept its customs exchange rate at EGP 16 per US dollar, a figure which had been maintained for the last five months of 2017.
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Egypt's biggest bank seeks $500 million loans, eyes Saudi market
The National Bank of Egypt is looking to secure $500 million in loans by the end of June.
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Moody's expects growth in Egypt to accelerate to around 5% by 2019
Moody’s expects Egypt’s GDP growth to accelerate to around 5 percent by 2019 and 5.5 percent by 2021, up from 4.2 percent in 2017.
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Positive IMF review paves way for $2B transfer to Egypt
The IMF said the transfer would bring the total payout to Egypt since it secured the loan in November 2016 to $6.08 billion.
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Egypt's Financial Regulatory Authority issues cryptocurrency warning
dealing with cryptocurrencies is considered a form of deception that falls under legal liability and not regulated by any official body in Egypt.
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US dollar exchange rate approaching LE 18
In the National Bank of Egypt (NBE) and Banque Misr, the dollar was being sold at LE 17.79 and bought at LE 17.69.
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World Bank approves $1.15 bln development policy loan for Egypt
The loan is the last in a series of three annual loans totaling $3.15 billion issued from 2015 to 2017.
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Is Amer the best Arab and regional central bank governor?
As 2nd anniversary approaches since Amer assumed CBE duties, DNE reviews important decisions made during his term, significantly floating the pound.
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Consumer Lending Market-The Latest Industry Data and Trends
Orbis Research has added Latest Research Report on "Global Consumer Lending Market 2017-2022" to its Database.
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Consumer Lending Market: Global Industry Size, Share, Outlook, Growth and Forecast
Recent research and the current scenario as well as future market potential of "Global Consumer Lending Detailed Analysis Report 2017-2022" globally.
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Egypt economy to grow by 4.5 percent in 2018
IMF expects that the Egyptian economy will grow by 4.5 percent in 2018 up from 4.1 in 2017.
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Egypt to keep customs exchange rate at 16 pounds in November
The pound has gradually strengthened in recent weeks, standing at about 17.63 to the dollar up from about 17.71 last month.
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IMF official says Egypt's economy is seeing `Broad-Based' growth
Gross domestic product expanded at an annual rate of 4.6 in the first half of 2017, the fastest pace in seven years which surprised economists.
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Nasr, HSBC bank backs Egypt's strategy to lure investments
Nasr asserted the ministry's keenness to cooperate with HSBC bank to lure investors to Egypt especially for the widespread bank branches worldwide.
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Direct providers of Fresh Cut BG, SBLC and MTN
We are direct providers of Fresh Cut BG, SBLC and MTN which are specifically for lease, our bank instrument can be engage in PPP Trading, Discounting,
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Egypt- Government increases borrowing from domestic market to highest level ever during Q2 2017/18
The country suffers from a deficit in the general budget estimated at EGP 379.6bn during the fiscal year (FY) 2016/2017:Minister of Finance.