The currency exchange rate will improve with restored confidence in Egypt's economy after the presidential elections, according to Gamal Negm, Deputy Governor of the Central Bank.
Negm's remarks came during the People and Banks Conference held on 11 (...)
President Abdel Fattah Al-Sisi has reinstated Prime Minister Ibrahim Mehleb after officials had submitted their resignation Monday. The government will remain in power until parliamentary elections are over, according to Mehleb.
Mehleb, in (...)
The offer to purchase 20% of shares in EFG-Hermes from investors is still being studied, according to Sherif Samy, chairman of the Egyptian Financial Supervisory Authority (EFSA).
Commenting on the offer, Samy said no final decision has yet been (...)
