Latest in Tag: debts Highlight

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Latest in Tag: debts

Central Bank of Egypt

CBE provides banks $420m to cover companies’ flotation debts 

The Central Bank of Egypt (CBE) provided $420m to local banks to cover the debt, which occurred by the different foreign currencies exchange rate due to flotation. This offer is valid for companies with debts of less than $5m and whose sales do not exceed EGP 500m. This came after the CBE’s governor Tarek Amer …

Hossam Mounir

Will Egypt follow the example of Brazil or Argentina in dealing with the IMF?

Following the implementation of all of the International Monetary Fund’s (IMF) preconditions for the three-year, $12bn loan Egypt is bent on receiving, the government submitted a letter of intent to the IMF executive board two days ago. A letter of intent outlines one or more agreements between the two parties before the conclusive agreement is …

Shaimaa Al-Aees

Banque du Caire eyeing Economic Summit projects

State-owned Banque du Caire aims to finance several projects the government will present in the March Economic Summit, said the bank’s Vice-Chairman Mohamed Taha. Taha said his bank has a large liquidity enabling it to expand in funding national projects, noting the bank will attend the Summit, and will study all proposed projects. In late …

Daily News Egypt

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