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Release from Egyptian for Tourism Resorts (EGTS.CA) Regarding the Decisions of the AGM       Release from Rowad Tourism (Al Rowad) (ROTO.CA) Regarding The EGM       Release from Rowad Tourism (Al Rowad) (ROTO.CA) Regarding The EGM       Foreign investment in Egypt treasuries hit $22B end-Dec.       254M shares covered in sub., remaining shares will be reoffered, Beltone says       Egypts Talaat Moustafa to issue its first sukuk in April       Egyptian property developer IWAN eyes higher investments this year       EGX sets price limits of Foodicos right for Tuesday       Sharkia National Food (SNFC.CA) - Board Of Directors Decision       International company For Medical Industries -ICMI (ICMI.CA) - Release Concerning a Clients Shares (NILEX)       Release from Egypt for Poultry (EPCO.CA) Concerning any Material Events       Release from Pharaoh tech for control and communication systems (PTCC.CA) Regarding the Financial Statements (NILEX)       Arab Moltaka Investments Co (AMIA.CA) - Board Of Directors Decisions       Release From Beltone Financial Holding (BTFH.CA.) Concerning the Subscription Coverage Ratio       Egyptian Iron & Steel (IRON.CA) - Decisions of the Board of Directors meeting       UK announces £24M to support Egypt development sectors       Egypt may list its first green bonds in LSE this year       Global stocks stay near record highs; focus turns to central banks, earnings       Egypt signs 9 agreements for oil, gas exploration worth $452M       British Investment Fund to invest $700M in Egypt      
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National Bank of Egypt raises $ 68B since 2016-pound float
: Egypts biggest state-run lender, the National Bank of Egypt (NBE) has raised $68 billion since the liberalization of the Egyptian pound exchange in November 2016, deputy chairman said Saturday.
The Central Bank of Egypt decided in November 2016 to freely float the pound and raise key interest rates as part of bold economic reforms aimed at alleviating a dollar shortage and stabilising the national flagging economy.
Egypt is now the safest country in the Middle East, resulting in a recent rebound in tourism and an increase in the size of foreign investments in the governments debt instruments, Yehia Aboul Fotouh told the state-run MENA news agency.


Time Added: 2020-01-14 12:05:06
Source: arabfinance
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