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Egypt hedged against rising oil prices this year, Maait confirms
Egypt hedged against rising oil prices this year, Maait confirms: Egypt took out hedging contracts to guard against rising oil…
Credit Agricole Egypt sees moderate profit growth in 2019
EARNINGS WATCH- Credit Agricole Egypt made a net profit of EGP 2.4 bn in 2019, up 7.3% from the previous…
MPs want to raise taxes on anyone earning more than EGP 1 mn a year
LEGISLATION WATCH- MPs want to raise taxes on anyone earning more than EGP 1 mn a year: A draft law…
HSBC appoints Stephen Moss as regional chief executive
MOVES- HSBC Holdings has tapped Stephen Moss (LinkedIn) as a regional chief executive overseeing Europe, the Middle East, Latin America,…
Egypt’s talk shows on Tuesday 4 February 2020
Economics and business were back in the limelight on the airwaves yesterday as the nation’s talking heads fixated on the…
Central Bank of Egypt to launch mortgage finance program in March
CBE to launch mortgage finance program next month: The Central Bank of Egypt (CBE) is finalizing its mortgage finance program…
Egypt’s banks told not to take legal action against struggling factories
Banks will be required to call off any legal action they’re taking against factories that are unable to pay off…
CBE to launch EGP 1 bn fintech fund in 2Q2020
Egypt’s first fintech fund slated to open 2Q2020: The Central Bank of Egypt’s (CBE) EGP 1 bn fund to support…
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