Afreximbank funds EGPC with $200m
The African Export–Import Bank (Afreximbank) signed a credit facility agreement worth $200m…
EBRD, QNB Alahli fund SMEs with $140m
The European Bank for Reconstruction and Development (EBRD) is partnering with QNB…
CBE signs 18bn yuan bilateral currency swap agreement with Chinese central bank
The agreement will lead to a decline in demand on the dollar…
Foreign exchange reserves increase by $4bn to reach $23bn as of end of November
The Central Bank of Egypt (CBE) announced that its foreign exchange reserves…
Overall deterioration in business conditions is strongest since July 2013: Emirates NBD-Egypt
High prices continue to drive downturn in non-oil private sector
Pound recovers from its lowest level against the US dollar since flotation
The Egyptian pound has regained some of its strength against the US…
Soha Soliman appointed deputy chairperson of Banque du Caire
Egypt’s cabinet issued a decree on 26 November appointing Soha Soliman, the…
18 million people require microfinance in Egypt: former CBE governor
We need about EGP 54bn to finance 3.6 million families living below…
HDB focuses on financing 4 major sectors of SMEs
Microenterprises will be financed through companies and associations specialised in these projects,…
SMEs acquire 10% of HDB’s loan portfolio until September 2016: chairperson
The bank aims to increase the funding of such projects to 20%…