Egyptian pound settles for a another new record
The Egyptian pound has strike a new low against the US dollar, after official exchange rates reached LE7, a rate unseen since 2003, in commercial […]
Finance
Suez Canal investment project launched
Prime Minister Hesham Qandil has pointed out that the government is willing to offer some areas around the Suez Canal for investment projects, but it […]
Bank Asset sales lure investors back to Egypt
The National Bank of Egypt (NBE) and Banque Misr have made clear their desire to sell their foreign assets, prompting investors to term the Egyptian […]
The sinking of Egypt’s currency
The Egyptian pound is still going through its worst period after reaching a new all-time low against the United States dollar at an average of […]
Libya: Growth pegged at 3% after production rise
The economy minister has forecasted a growth of 3% in 2013 after the country reached the post uprising era level of production. His prospect is […]
Tunisia on the road to sign a deal with IMF
Tunisia has finally reached an agreement with the International Monetary Fund for the $1,78 billion precautionary loan. Negotiations between the two parties have been tedious […]
Egypt: Central bank holds special auction
The obligation to provide basic imported commodities has forced the Egyptian central bank to auction $600 million. Despite such an amount, foreign exchange dealers believe […]
Egypt and the IMF: towards a bigger loan?
The update given by the Egyptian Planning Minister after talks with the International Monetary Fund has raised eyebrows. Minister Ashraf El-Araby described the talks as […]
Tunisia: IMF deal optional, Sukuk more important
Tunisia and the International monetary Fund (IMF) will be signing the loan agreement in May while they will be holding their “last round of discussions” […]
Egypt: Sukuk Market Will Increase as soon as the Legal Framework is Established
Sukuk will be sued to finance the upcoming Public Private Partnership (PPP) projects according to the financial advisor to the Ministry of Finance, Ahmed Al-Naggar. […]