Category Archives: Business & Finance

CBE governor honored among world top central bankers

Global Finance magazine has honored Governor of the Central Bank of Egypt (CBE) Tarek Amer among the best governors of central banks worldwide.This came during a ceremony organized Saturday by the global magazine on the fringe of the Annual Meetings

WB, WHO hail success of presidential initiative ” investment in human capital”

The World Bank (WB) and the World Health Organization (WHO) have praised the progresses Egypt achieved within President Abdel Fatah El Sisi's initiative "investment in human capital" especially in the sectors of education and health.They highlighted th...

CBE governor: Egypt’s banking system enjoys high liquidity

Central Bank of Egypt Governor Tarek Amer said that the Egyptian banking system enjoys high liquidity, with a loan-to-deposit ratio standing at 44%.Addressing the Institute of International Finance in Washington, he said Egypt has been able to reduce n...

IMF: Egypt’s economy ready for receiving more FDI

Director of the Middle East and Central Asia Department at the International Monetary Fund Jihad Azour commended the achievements attained by Egypt's economic reform program over the past period after the latest IMF review of the country's performance ...

Investment Minister urges WB, IMF to increase support for Africa

Minister of Investment and International Cooperation Sahar Nasr on Friday 18/10/2019 called on the World Bank (WB) and International Monetary Fund (IMF) to increase their support for achieving regional integration and boosting inter-trade in African st...

World’s largest container vessel transits Suez Canal

Admiral Osama Rabie, Chairman of the Suez Canal Authority announced Saturday 19/10/2019 the successful transit of MSC ARINA, the world's largest container vessel, on its first trip. The Panamanian ship transited the Canal with the northbound convoy, he...