Egypt Draws Final USD 2 bn Tranche of IMF Loan

Egypt has received USD 2 bn from the International Monetary Fund (IMF), drawing the sixth and final tranche of the USD 12 bn, three-year loan program that kicked off back in November 2016

Egypt Invests EGP 1.3 bn in Neediest Villages in FY 2018/19

Deputy Minister of Planning and Administrative Reform Ahmed Kamaly said Egypt has carried out investments worth EGP 1.3 bn in 158 most needy villages during FY 2018/19, benefitting merely 2.5 mn citizens residing ...

CBE Posts USD 112 mn Hike in Net Foreign Reserves by End-May

The Central Bank of Egypt (CBE) has indicated that the country managed to add USD 112 mn to its reserves base in May to close the month at USD 44.274 bn, compared to USD 44.218 bn at end-April

CBE Says Egypt’s Foreign Trade Exchange Rose 11.3% in H1 2019

The Central Bank of Egypt (CBE) said on May 23 the volume of Egypt's foreign trade exchange recorded EGP 47.7 bn in the first half of FY 2018/19 versus EGP 42.85 bn in the year-ago period

WB Group Extends Egypt Country Partnership Framework Till 2021

The World Bank (WB) Group announced on April 30 a two-year extension to its 2015-2019 Country Partnership Framework (CPF) with Egypt, ending in 2021, aiming to maintain the momentum on the government’s reform effo ...

Net Foreign Reserves Hit USD 44.218 bn by End-April: CBE

The Central Bank of Egypt (CBE) announced on May 5 that the country’s net foreign reserves surged to USD 44.218 bn at end-April, compared to USD 44.030 bn in the prior-year period.

CBE Reports USD 44.11 bn Foreign Reserves by End-March

The Central Bank of Egypt (CBE) announced on April 3 that the country’s net foreign reserves climbed to USD 44.11 bn at the end of March, up from USD 44.06 bn a month earlier.

Amlak Finance Expects Egypt’s Mortgages to Surpass EGP 3 bn in 2019

Mohamed Salama, marketing and product manager at Amlak Finance Egypt, expects the value of mortgage financing to surpass EGP 3 bn in 2019.

Egypt’s Residential Properties to See Continued Demand: Experts

Prices of residential properties in Egypt are set to continue hiking in 2019, despite the rising trends geared towards decreasing prices, including the provision of smaller properties, more flexible payment method ...

Moody’s Maintains Positive Outlook on Egypt’s Banks

International credit rating agency Moody’s Investors Service has maintained its positive outlook for Egypt’s banking sector, on the back of the country's improving operating conditions.

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