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Egypt's pound currency traded at 17.42-17.52 against the U.S. dollar on Monday, Refinitiv data showed. The currency had been trading at around 15.7 pounds to the dollar a day prior. The...
Egypt is exploring new ways to lure tourists after conflict cut off Russia and Ukraine, two of its most lucrative markets, including possibly bringing
Wheat importers face a threat to delivering politically sensitive bread supplies across the Middle East and North Africa (MENA) after Russia’s invasion of Ukraine closed off access to the lower priced Black Sea grain they depend on. The ensuing conflict has halted shipping from Ukraine’s ports, while financial sanctions have put payments for purchases of ...
First Abu Dhabi Bank has made an offer to buy a controlling stake in Egypt's biggest investment bank EFG Hermes that values the North African lender at 18.5 billion Egyptian pounds , the two banks... | February 9, 2022
DUBAI — First Abu Dhabi Bank has made an offer to buy a controlling stake in Egypt’s biggest investment bank EFG Hermes that values the North African lender at…