Remittances from Egyptian expats hit new record high in FY2017-18
Remittances from expatriate Egyptians hit another record and climbed by 21.1 percent to $26.5 billion in the…
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Al Baraka Bank Egypt’s NPLs fall to 5.4% in June
Al Baraka Bank-Egypt, part of Bahraini Islamic lender Al Baraka Group, witnessed an improvement in the quality of…
Currency in circulation outside Egypt banks 9.4% of GDP in Q1
Funds in circulation outside Egypt-based banks fell to 9.4 percent of the country’s GDP in the first quarter of the…
Egyptian bank deposits rise 6.2% in five months – CBE
Egyptian bank deposits rose 6.2 percent in the first five months of the year to 3.536 trillion Egyptian pounds…
Al Baraka Bank-Egypt H1 net profit grows 30%
Al Baraka Bank-Egypt, part of Bahraini Islamic lender Al Baraka Group, reported on Tuesday a 30 percent annual…
HC expects unchanged interest rates, inflation to stabilise in August
HC Securities & Investment expected Egypt’s inflation to stabilise in August by 1 percent, with anticipations…
Egypt plans renewal of currency swap deal with China next Dec.: Amer
Egypt expects to renew a bilateral currency swap deal worth $2.7 billion with China by next December, central bank…
Africa losing $1.4 trillion since 2009 in illicit finance drain – UN
Illicit financial flows have been draining nearly $1.4 trillion from the African economies since 2009, said a UN…
Tarek Amer first Egyptian to take over Association of African Central Banks presidency
Governor of the Central Bank of Egypt (CBE) Tarek Amer takes over the presidency of the Association of African…
New U.S. sanctions will hurt Egypt-Iran bank operations – Egyptian banker
New U.S. sanctions against Iran will be hard for the latter’s joint bank with Egypt in terms of the foreign…