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…
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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…