Egyptian Banks have decided to keep the interest rates unchanged at a four year low at 8.25% with lending rate averaging 9.75%.

World uncertainty was cited for the reason for the interest rates to remain the same, currently the economy of Egypt is very strong with a 5.5% growth figure, Egypt as remained very much untouched by the world financial troubles only suffering from external investments in certain cases.

With a strong demand for affordable housing to house Egypt’s growing population the construction and real estate market is relatively buoyant and large investment in red se infrastructure projects are crating significant interest from overseas investors.

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