National Bank of Egypt arm acquires Pharos Securities Brokerage
National Bank of Egypt, the country’s biggest state-owned lender, said on Monday its investment arm has acquired…
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Egypt’s tourism revenue surges 6.6% in Q1 FY2019-20
Egypt’s tourism revenue surged 6.6 percent year-on-year in the first quarter of the financial year 2019/2020 to…
Egypt’s central bank seen making fourth straight interest rate cut: HC
Egypt’s central bank is likely to cut its key interest rates by 50 basis points on Thursday, Dec. 26 monetary…
Palm Hills, CIB sign EGP 1.1bn medium-term facility
Palm Hills Development has signed a medium-term facility with by the Commercial International Bank – Egypt (CIB)…
Egypt’s Banque Misr issues so far 871,000 national e-payment Meeza cards
Banque Misr, Egypt’s second largest public bank, has issued so far 871,000 national e-payment card Meeza, its vice…
Banque du Caire reports 66% increase in net profit in 9 months
Banque du Caire reported a 66 percent year-on-year net profit increase during the first nine months of 2019…
Egyptian Electricity Transmission Company secures EBRD €183 mln loan
The European Bank for Reconstruction and Development (EBRD) has approved on Tuesday a €182.9 million ($201.6…
Egyptian president renews central bank governor’s term
Egyptian President Abdel Fattah al-Sisi has renewed Central Bank Governor Tarek Amer’s term, the country’s official…
EFG Hermes chosen as financial adviser in deal to sell United Bank
The Central Bank of Egypt (CBE) has chosen a consortium grouping EFG Hermes and the New York-based Evercore, as…
Egyptian banks’ foreign deposits hit EGP42bn in March
Total foreign-currency deposits at Egyptian banks rose by 6.8 percent to register $42.9 billion between July 2018…