Egypt’s central bank records its first profit since 2016 pound float
Egypt’s central bank (CBE) made a profit in December for the first time since the devaluation of the local pound…
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Egypt’s net foreign reserves surge to $34.224 billion in January – c.bank
Egypt’s net foreign reserves rose to $34.224 billion at the end of January from $34.002 billion at the end of…
AFD to sign €153.2mn with Egypt’s NBE, Banque Misr, Banque du Caire at COP27
The French Development Agency (AFD) is earmarking a financing package worth up to €153.2 million ($149.2 million)…
Egypt’s CIB to loan Aman extra EGP 100 million for small businesses
Commercial International Bank (CIB), one of Egypt’s largest private banks, is planning to provide an extra…
Egyptian pound slips to weakest against U.S. dollar since Nov. 2016
Egyptian pound weakened on Wednesday to its lowest against the U.S. dollar since its devaluation in November 2016.
African Development Bank mulls $100 million line of credit for Egypt’s Banque Misr
The African Development Bank (AfDB) is considering a new line of credit up to $100 million to Egypt’s state-run…
Egypt, AfDB launch new country strategy 2022/2026
Egypt’s Ministry of International Cooperation and the African Development Bank (AfDB) launched on Thursday the new…
CIB bank partakes in two climate adaptation projects in Egypt – official
The Commercial International Bank (CIB-Egypt), is taking part in two projects for climate change adaptation in…
Sisi: Green investing in Egypt is surging, accounting for 40% of total investments
President Abdel Fattah al-Sisi said on Wednesday that green investing in Egypt continues to surge, currently…
Free trade deal AfCFTA to help cut emissions by 80% in Africa – Afreximbank chair
The implementation of mammoth African free trade agreement, known as the AfCFTA, will help cut carbon dioxide…