Metropolitan Egypt negotiates with Egyptian Gulf Bank, Banque Misr to provide financing for Enmaa projects
Enmaa needs financing worth EGP10m in the form of letters of guarantee…
Would drop in reserves delay floating of EGP despite IMF report?
The timing of this move is in the hands of the CBE…
Banks continue to curtail US dollar use overseas
Banks are lowering limits of different types of cards and reducing hard…
Would shutting down exchange companies solve the US dollar crisis?
Opponents to the proposal point to the companies’ role in securing hard…
Exchange companies to hold expanded meeting, discuss repercussions of official and popular escalation against them
We are ready to close immediately if this would solve the US…
PBDAC negotiates with SFD to obtain EGP 100m loan: PBDAC chairperson
The loan will finance agricultural industrialisation projects and greenhouses at low cost,…
Inflation to increase to 15-16% by end of September after electricity price rise
Decrease in poultry prices limited the increase in the inflation rate in…
Return to normal demand on US dollar in informal market
CBE allocates the value of Tuesday’s tender to cover imports of medicines,…
Egypt pays $2.25bn of external debt in July: CBE
Foreign exchange reserves dropped $2bn in July, reaching lowest point since January…
Government banks rely on own resources to obtain US dollars, not on CBE tenders: head of Banque du Caire
Banque du Caire, along with all state-owned banks, does not obtain its…