Egypt’s central bank keeps key interest rates steady
Egypt’s central bank has on Thursday kept its main interest rates steady, saying the previous rate cut two week ago…
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CBE offers 2-year loans to hotels with 6-month grace
The Central Bank of Egypt (CBE) offers two-year loans for hotels and touristic establishments with a six-month…
NBE, Banque Misr newly launched high yield certificates attract EGP6.2bln
The National Bank of Egypt (NBE) and Banque Misr newly launched saving certificates with 15 percent annual yields…
Banque Misr El-Etreby appointed head of Egyptian Banks Federation for 3 years
The Federation of Egyptian Banks (FEB) has appointed chairman of Banque Misr Mohamed El-Etreby as head of the…
Remittances from expatriate Egyptians climb 5.0% in 2019 – c.bank
Egypt received $26.8 billion in remittances from Egyptians living abroad in 2019, around 5.0 percent up from $25.5…
CBE announces measures to shield Egypt economy of coronavirus impact
Central Bank of Egypt issues new measures to banks working in Egypt to fight coronavirus which include postponing…
Mastercard: Egypt’s new capital to become an integrated smart city
Mastercard Inc says it is cooperating with the Egyptian government to use electronic payment solutions in the new…
CBE to add 100 business development centres among NilePreneurs
Central Bank of Egypt seeks to increase of the number of business development centres to 100 centres as part of…
CBE settles EGP 50.9bn non-performing loans
The Central Bank of Egypt (CBE) settled non-performing loans (NPLs) worth 50.9 billion Egyptian pounds with 226…
Egypt’s Banque Misr to open branch in Somalia in Q2
Banque Misr, Egypt’s second largest bank, plans to open a branch in Somalia within the second quarter of the year,…