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…
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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,…