NBE, Banque Misr collect EGP 28bn within 5 days, expected to increase
Both banks attracted liquidity from outside banking sector, dollar selling operations to…
CBE to cover 25% of banks’ temporary credit facilities granted to importers in foreign currencies
Banks are obliged to deposit the amounts the will obtain with the…
Official instructions on converting importers’ debts not yet received: Banks
A prominent banker told Daily News Egypt that banks operating in the…
EAEF to increase investment in Egypt to $1bn over 3 years
The Egyptian-American Enterprise Fund (EAEF) targets increasing its investments in the Egyptian…
Fawry allocates EGP 20m to electronic commerce sector
By Mohamed Alaa El-Din and Hossam Mounir Fawry Company will allocate EGP…
3 international investment funds acquire 85% of Fawry
Approximately 20% of the shares were acquired by the Egyptian American Enterprise…
CBE intervenes to strengthen pound against dollar
Dollar fell in black market for hours until it suddenly stopped
CBE raises EGP value against dollar by 20 piasters
The central bank will also cover 25% of the temporary credit facilities…
Banque Misr saving certificates attract EGP 3.4bn by Tuesday
Daily News Egypt has learned that the NBE certificates succeeded in attracting…