Egyptian economy to grow to EGP 105,5 bln in 5 years, UAB Secretary General
The volume of the Egyptian economy will keep its growth over the next five months, thus by the end of 2025 it will…
Author
Forum on banking industry starts in Egypt’s Sharm El Sheikh
The Banking Industry and Future of Financial Services Forum started its activities on Friday Sharm El Sheikh, held…
4 Egyptian banks slash interest rates of Aman certificates by 3 %
Four Egyptian banks have decided to slash interest rates on Aman certificates from 16 percent to 13 percent .
Egypt’s domestic liquidity rises to all-time high in September, CBE
Egypt’s domestic liquidity continued to increase, registering a new record of $4.757 trillion in September, up by…
Al Ahly Capital Holding buys 94.5% stake in Egyptian leading maternity hospital in Zayed
Al Ahly Capital Holding, the private equity arm of Egypt’s state-owned National Bank of Egypt, said on Thursday it…
Remittances from Egyptian expats record $27.8bln by FY2019/20 end
Remittances from Egyptian expatriates hiked 10.4 percent during the fiscal year of 2019/2020 to reach $27.8…
Egypt’s external debt surges 14.8% in year-June
Egypt’s external debt rose 14.8 percent to $123.5 billion in the year to end-June, central bank data showed on…
Egypt receives $324m foreign cash inflows in one day – Official
Egypt attracted foreign cash inflows worth $324 million on Sunday, according to a banking source.
Financial position of Egyptian banks increases to EGP 6.5 trn in July – CBE
The total financial position of banks operating in the Egyptian market, except for the Central Bank of Egypt (CBE),…
Egypt’s MSMEs portfolio hit EGP 201.7bn in over 4 years: CBE
The Central Bank of Egypt (CBE) announced that loans and credit facilities provided to micro-, small-, and…
Egypt’s central bank eases procedures for opening bank accounts
The Central Bank of Egypt (CBE) has streamlined procedures for opening bank accounts in collaboration with the…
NBE approves EGP 300m bridge loan to finance North Coast new flagship Bo Islands
National Bank of Egypt (NBE) approved the provision of a bridge loan worth 300 million Egyptian pounds to Maxim…
NBE, Banque Misr collects EGP 383bln from 15% saving certificates
Egypt’s two biggest state-owned banks, National Bank of Egypt and Banque Misr, have collected 383 billion Egyptian…
CBE won’t extend suspensions of loans payments for another 6 months
The Central Bank of Egypt (CBE) has decided not to extend the suspension of all due payments on loans for another…
Amer sees slight uptick by 6.2% in inflation during Q4
Egypt’s annual inflation rate is expected to average around 6.2 percent during the fourth quarter of 2020, CBE…
NBE, Banque Misr sign strategic partnership with Talaat Mostafa subsidiary
State-owned banks National Bank of Egypt (NBE) and Banque Misr have signed a strategic partnership with a…
Egypt’s CBE fixes interest rates unchanged for 4th meeting in row
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) decided fix interest rates for the fourth…
EBRD approves $100 mln financial package to Banque Misr for SMEs in Egypt
The European Bank for Reconstruction and Development (EBRD) has approved a $100 million financing package for the…
Egypt’s gold reserves resume its rising trend to $1.2bn in 7M
Gold reserves in Egypt increased by $429 million or 10.5% to a new record of $4.505 billion in July, compared to…
NBE, QNB arranging a bridge loan for Universal Group under CBE initiative
National Bank of Egypt, a state-owned bank, agreed to arrange a bridge loan along with Qatar National bank for…
NBE closes Egypt’s largest securitized bond offering for NUCA
The National Bank of Egypt (NBE), the country's biggest state lender, has succeeded in closing Egypt's largest…
Egypt’s Parliment passes long awaited new Banking and Central Bank Act
The House of Representatives approved the new banking law that gives the CBE more independence and allows it to set…
CBE orders banks to clarify measures to unblock assets frozen due to tax disputes
The Central Bank of Egypt (CBE) issues circular to banks to clarify measures to unblock assets frozen due to tax…
Foreign investments in Egyptian T-bills register $7.016B in May
Foreign investments in treasury bills (T-bills) declined to $7.016 billion at the end of May 2020, compared to $7.4…
Egypt’s domestic liquidity hits EGP 4.35trn by April end
Egypt’s domestic liquidity grew by 12.7 percent recording 4.489 billion Egyptian pounds from July 2019 to the end…
Int’l institutions pumped $3B new investments into Egypt within a month
The global investment funds and international institutions pumped new investments worth $3 billion into the…
Egypt’s annual core inflation declines to 1% in June: CBE
The annual core inflation rate reached 1 percent in June, down from 1.5 percent in May last year, the Central Bank…
CBE introduces new amendments on tourism workers support initiative
The Central Bank of Egypt (CBE) amends to its recently-launched tourism support initiative which provide aid to the…
Egypt’s central bank keeps key interest rates on hold
The Central Bank of Egypt (CBE) kept its main interest rates steady on Thursday, despite a decline in inflation in…
Banks are obliged to notify customers when removed from blacklists: CBE
The Central Bank of Egypt (CBE) has issued new instructions, requiring banks to notify their customers when…
NBE, Banque misr garner some EGP200bln in 3 months from saving certificates
Banque Misr and National Bank of Egypt have collected revenues of 200 billion Egyptian pounds ($12 billion)from…
EBRD approves $100mln loan package to Egypt’s CIB to cushion the impact of…
European Bank for Reconstruction and Development (EBRD) has approved a $100m support loan package to address the…
CBE extends EGP 100bn initiative to cover more companies
The Central Bank of Egypt (CBE) announced that more private-sector companies in the industrial, agricultural, and…
Egyptian banks net foreign assets plunge 57 % in 9 months
The net foreign assets of Egyptian banking sector plummeted by 57 percent, or 171.5 billion Egyptian pounds …
Egypt’s domestic debt hikes to more than 4 trillion pounds – c.bank
Egypt’s domestic debt rose to 4.354 trillion pounds ($269.1 billion) at the end of 2019, around 69.5 percent of the…
EBRD approves $100 mln financial package to NBE for SMEs in Egypt
The European Bank for Reconstruction and Development (EBRD) has approved a $100 million financing package for the…
Egypt’s foreign reserves down to $36bn in May – CBE
Egypt’s foreign reserves slid by around $1 billion during May, data by the Central Bank of Egypt (CBE) showed.
CBE denies issuing 500-pound banknote in July
The Central Bank of Egypt (CBE) denied issuing a 500-pound banknote starting July according to a source with…
Egypt’s House approves new draft Banking law with new provisions
The Egyptian House of Representatives has approved the long-awaited Banking and Central Bank Act with several new…
Misr Italia Properties signs syndicated loan deal with NBE, EG Bank, AIB
A consortium of three banks has signed a medium-term syndicated loan amounting to 650 Egyptian pounds for Misr…