Search Results for: Egypt
Egyptian central bank outlines plan to help small firms
January 11th, 2016
Egypt’s central bank on Sunday issued guidelines on how it will incentivise banks to participate in a “comprehensive programme” to help finance small- and medium-sized enterprises in the latest move to try and create jobs and support its battered ...
Greece, Cyprus and Egypt end trilateral talks with broad declaration
December 10th, 2015
The third round of trilateral talks between Greece, Cyprus and Egypt concluded in Athens on Wednesday with the signing of a declaration in which the three countries agreed to work more closely on security and energy issues. Greek Prime ...
Tour Operators: Which countries to substitute Turkey, Egypt for Russian tourists
December 10th, 2015
UAE, Thailand, India to substitute Turkey, Egypt for Russian tourists Tour operators have seen an increase in the demand for Middle East and Asia tours following ‘the loss’ of Egypt and Turkey destinations, the newspaper Kommersant wrote on Friday. ...
Greece woos Egyptian leader after huge gas discovery
December 9th, 2015
Greece‘s political and business leaders promised to expand trade deals with Egypt during meetings Tuesday with the country’s leader, President Abdel-Fattah el-Sissi, following a massive offshore natural gas discovery in the southern Mediterranean. “There are enormous opportunities for cooperation ...
Egyptian pound steady at forex auction, dips on black market
December 9th, 2015
Central bank surprised markets when it strengthened the pound on November 11 by 20 piastres against the dollar The Egyptian pound held steady at an official foreign currency auction on Tuesday and weakened slightly on the black market Egypt, ...
Egypt expects $1.5 billion in aid by year-end; President in Greece for energy
December 8th, 2015
Egypt expects to receive $1.5 billion from the World Bank and African Development Bank by year-end to support the budget and could discuss potential IMF financing once parliament convenes, International Cooperation Minister Sahar Nasr said. Egypt is implementing a ...
Egypt’s new central bank chief faces bitter pill of currency devaluation or IMF aid
November 19th, 2015
Spare a kind thought for the travails that Tarek Amer, the newly appointed governor of Egypt’s central bank, will be facing when he formally takes up his post on November 27. He could have had no illusions how disastrous ...
Egypt can’t rely on cash-strapped Saudi Arabia
November 5th, 2015
Egypt is running low on cash. And this time, oil-rich friends like Saudi Arabia may not be able to come to its rescue. Egypt‘s lack of cash is threatening its ability to mount an economic comeback from the turmoil ...
Egypt central bank devalues pound again to 7.93 per dollar
October 19th, 2015
Egypt’s central bank weakened the value of the Egyptian pound against the dollar Sunday for the second time in a week. The bank said in a statement that it weakened the pound at an auction, dropping the value from ...
Saudi rises on FTSE review; Egypt up after govt reshuffle
September 14th, 2015
Saudi Arabia‘s stock market rose in early trade on Sunday after index compiler FTSE added the country to its watchlist for potential upgrade and Egypt edged up after the Cairo government resigned. Saudi Arabia’s main stock index rose 1.1 ...
