Cairo-based African Export-Import Bank 2018 net profit rises 25%
The African Export-Import Bank (Afreximbank), a Cairo-based multilateral institution focused on financing and…
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IMF sees 6% medium-term growth for Egypt, single-digit inflation in 2020
The International Monetary Fund (IMF) said it expected Egypt’s economy to grow to around 6 percent over the medium…
NBE posts e-commerce of EGP4.3 bln during FY 2017/2018
National Bank of Egypt, the country's largest bank by assets, announced that the volume of e-commerce carried out…
Egypt posts $2.8bln net FDI during 1H of FY 2018/2019: CBE
Egypt's net Foreign Direct Investment (FDI) registered $2.8 billion according to the balance of payments initial…
Samcrete Egypt signs $180 mln deal with 6 banks
Samcrete Egypt Engineers and Contractors has signed a short-term financing deal worth 3.1 billion pounds ($180…
Egypt’s Banque Misr to open three rep offices in Africa next year
Banque Misr, Egypt’s second largest bank, plans to open between two and three new representative offices in Africa…
CBE studies establishing African credit rating agency
The Central Bank of Egypt is currently conducting studies to establish an African credit rating agency, Naglaa…
Egypt completes studies to build Africa export guarantee firm
The Central Bank of Egypt has finished the first phase of the studies to establish an export credit guarantee…
AlexBank achieves net profit exceeding EGP3bln by the end of 2018
AlexBank, a member of Italian bank Intesa Sanpaolo, a net profit of 3.025 billion Egyptian pounds by the end of…
ADIB Egypt to increase capital of ADILease to EGP100mln
Abu Dhabi Islamic Bank-Egypt, has received approval to increase the capital of ADILease Company for leasing, ADIB…