EBRD approves $100 million loan for NBK Bank Egypt to address coronavirus impact
The European Bank for Reconstruction and Development (EBRD) approved on Monday a $100 million loan to the National…
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World Bank: Egypt’s external debt rises to $112bln by end of 2019
Egypt’s total external debt increased 16,6 percent by the end of 2019, recording $112.67 billion, compared to $…
NBE denies cancelling 15% yield certificates after launching new
The National Bank of Egypt (NBE) continues to offer the new 15 percent annual yield savings certificates, despite…
CBE announces regulations for paying postponed debts
The Central Bank of Egypt (CBE) announced a new mechanism to collect the proceeds on debts an loans during the…
Egyptian remittances expats reach $5.2 in January, February
Remittances from Egyptian expatriates jumped 33.6 percent or $1.3 billion during the first two months of 2020 to…
Egypt has not approached IMF for emergency funding to fight coronavirus – official
Egypt has not approached the International Monetary Fund (IMF) for emergency financing to help it fight the…
IMF cuts forecast for Egypt’s 2020 GDP growth to 2% due to coronavirus
The International Monetary Fund (IMF) has trimmed its 2020 forecast for Egypt’s real GDP growth to 2 percent as the…
Egypt delays Banque du Caire IPO due to coronavirus
Egypt has postponed its plans to sell a minority stake in state-owned Banque du Caire in an initial public offering…
CBE erases blacklists, lifts restrictions on defaulters
The Central Bank of Egypt (CBE) has decided to cancel the blacklist of companies and individuals and lift the ban…
NBE posts net profits of EGP 20.2bn in 2019
National Bank of Egypt (NBE) has posted net profits after tax of 20.2 billion Egyptian…