Raseedy launches Egypt’s first independent digital wallet
Raseedy has officially launched the first independent licensed digital wallet in Egypt, in partnership with saib…
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AfDB approves $500,000 in emergency coronavirus pandemic aid for Egypt
The African Development Bank (AfDB) on Wednesday said its board of directors approved $500,000 in emergency…
First Abu Dhabi Bank suspends talks to acquire Bank Audi’s Egyptian business amid…
Given the exceptional circumstances caused by the coronavirus crisis, First Abu Dhabi Bank (FAB) has suspended all…
Banque Misr, NBE garner EGP 136 bn from new saving certificates
Banque Misr and National Bank of Egypt have collected revenues of 136 billion Egyptian pounds from selling new 15…
Foreign holdings of Egyptian pound T-bills drop by more than half in March
Foreign investors sold more than half of their Egyptian pound treasury bill (T-bills) holdings in March, according…
Egypt’s gold reserves grow to $3.705 billion in April – c.bank
Egypt’s gold reserves, a major component of foreign cash reserves, surged to around $3.705 billion in April from…
Pharos: Egypt’s central bank to keep interest rates unchanged in next meeting
The Central Bank of Egypt (CBE) is likely to keep interest rates steady when the Monetary Policy Committee (MPC)…
Egypt’s foreign reserves fall to $37.037 billion at end-April as coronavirus crisis hit
Egypt’s foreign reserves fell to $37.037 billion at the end of April from $40.108 billion at the end of March, the…
NBE studies kick-starting a digital bank with international institutions
The National Bank of Egypt, the oldest commercial lender in the country, is currently studying the possibility of…
NBE, Banque Misr collect EGP 86 bln from new saving certificates
Banque Misr and National Bank of Egypt have collected revenues of 86 billion Egyptian pounds from selling the…
NBE, Banque Misr high yield certificates attract EGP24.9bln in 4 days
The National Bank of Egypt and Banque Misr have sold 24.9 billion Egyptian pounds of their new high-yielding…
Egypt’s net foreign reserves grow to $45.5 billion February-end: c.bank
Egypt’s net foreign reserves increased to $45.509 billion at the end of February from $45.457 billion at the end of…
Egypt’s central bank postpones rate meeting to Jan. 16
Egypt’s central bank has rescheduled its monetary policy meeting, it said in a statement on Wednesday.
Export Development Bank to build new HQ in Egypt new capital
Egypt’s Export Development Bank (EDBE) will initially spend 1 billion Egyptian pounds ($62 million) on new…
Egypt’s banks issue 3.2mln Meeza cards until October end
Egypt’s banking sector has issued 3.2 million Meeza cards until the end of October 2019, said Lobna Helal, deputy…
Arab banks’ assets moving over $3.5 trillion – official
Banking assets in the Arab world currently exceed $3.5 trillion, equivalent to 140 percent of gross domestic…
Egypt’s NBE bank looks to reduce NPLs to $416.9mn in FY20
National Bank of Egypt (NBE) says it seeks to reduce its portfolio of non-performing loans (NPLs) between 7 billion…
Egypt’s NBE injects $2.5bn among CBE’s mortgage finance, SMEs initiatives
Egyptian largest state-owned lender, National Bank of Egypt (NBE) says it has pumped 42 billion Egyptian pounds…
Exclusive: Shares of banks in Egypt’s Canal Sugar loan
A consortium of six banks agreed on Sunday to provide Egypt’s Canal Sugar a bridge loan worth a total of $169…
World’s digital commerce mounts to $13 trillion: Abou El Enein
The e-commerce has achieved a leap during the last period with value of digital economy increasing to $13 trillion,…