by Sharif Yamani | Feb 7, 2014 | Business
Cairo, Asharq Al-Awsat—In comments to Asharq Al-Awasat, a senior executive from the African Development Bank (AfDB) denied the development finance institution would be halting its loans to Egypt. Reports have been circulating that the Ivory Coast-based AfDB would be...
by Sharif Yamani | Jan 28, 2014 | Business
Cairo, Asharq Al-Awasat—In a move to help develop Egypt’s capital markets, the Egyptian Exchange (EGX) announced on Sunday the launch of a new index for the Nile Stock Exchange (Nilex), the country’s small and mid-cap stock market. EGX Chairman Dr. Mohamed Omran said...
by Sharif Yamani | Jan 14, 2014 | Middle East
Cairo, Asharq Al-Awsat—Amid a heightened security atmosphere across the country on Tuesday, Egyptians began voting in a referendum over amendments to the country’s 2012 constitution, in a process set to last until Wednesday evening. More than 50 million voters are...
by Sharif Yamani | Jan 8, 2014 | Business
Cairo, Asharq Al-Awsat—The Central Bank of Egypt has eased restrictions on foreign currency transfers abroad, allowing individuals to make a one-time transfer of up to 100,000 US dollars this calendar year. In a letter circulated to Egyptian banks on Monday and posted...
by Sharif Yamani | Dec 13, 2013 | Business
Cairo, Asharq Al-Awsat—The European Union and the German-sponsored Participatory Development Program in Urban Areas (PDP) agreed a five-year developmental program worth 20 million euros to help improve the living conditions of Egyptian citizens living in so-called...
