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…
Egypt’s Commercial International Bank plans capital hike
Commercial International Bank (CIB), one of Egypt’s largest private banks, is planning to hike its issued capital…
Remittances from Egyptians abroad up 1.6% y-o-y in FY2021/22
Remittances from Egyptians working abroad rose 1.6 percent year-on-year to around $31.9 billion during the…
Egypt’s net foreign reserves fall by $232 million in July
Egypt’s net foreign reserves fell to $33.143 billion at the end of July from $33.375 billion at the end of June, a…
EBRD, NBKE support MSMEs in Egypt through $40 million loan deal
The National Bank of Kuwait – Egypt (NBK Egypt) has secured a $40 million loan from the European Bank for…
France’s AFD picks Ismailia to develop first joint wholesale market in Egypt
The French Development Agency (AFD) has chosen the Suez Canal city of Ismailia to finance the development of the…
France’s AFD to sign €140 million financing deal with 3 Egypt banks in Q3
The French Development Agency (AFD) will sign a financing agreement worth around €140 million ($150.1 million) with…
Egypt’s NBE, Banque Misr collect EGP 705 bln from high-yielding CDs issued on March 21
Egypt’s two biggest state banks, the National Bank of Egypt (NBE) and Banque Misr have collected 705 billion…
Egypt’s two biggest state banks collect EGP 636 billion from high-yield certificates since…
Egypt’s two biggest state banks have collected 636 billion Egyptian pounds (around $34.4 billion) from the…
National Bank of Egypt raises $23 billion from high-yield certificates since March 21
Egypt’s biggest state lender, the National Bank of Egypt (NBE) has raised 425 billion Egyptian pounds ($23 billion)…
Banque Misr raises EGP 87 billion from high-yield certificates in 8 days
Egypt’s second-largest state lender Banque Misr has collected 87 billion pounds ($4.75 billion) from the…
Banque Misr raises EGP 31 billion from high-yield certificates in three days
Egypt's second-largest state lender Banque Misr has collected 31 billion Egyptian pounds ($1.7 billion) from a new…
CI Capital acquires 27% stake in Cleopatra Hospitals – Banque Misr chief
CI Capital Holding for Financial Investments has acquired almost 27 percent stake in Cleopatra Hospitals in a deal…
France’s AFD to sign €150 million financing deal with 3 Egyptian banks in Q1-2022, source…
The French Development Agency (AFD) is expected to sign a new financing agreement worth around €150 million ($169…
Exchange rates of key global currencies rates today, Tuesday 27-10-2020 vs. Egyptian pound
Amwal Al Ghad on Tuesday demonstrates the exchange rates of key global currencies against the Egyptian pound…
Key global currencies rates in Egyptian banks on October 13
Amwal Al Ghad on Tuesday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound…
Key global currencies rates in Egyptian banks on September 28
Amwal Al Ghad on Monday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound…
Key global currencies rates in Egyptian banks on September 15
Amwal Al Ghad on Tuesday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound…
First Abu Dhabi Bank submits binding offer for BLOM Bank’s Egypt unit – sources
First Abu Dhabi Bank (FAB) has made a binding offer to buy the Egyptian unit of Lebanon’s BLOM Bank, sources…
Key global currencies rates in Egyptian banks on September 1
Amwal Al Ghad on Tuesday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound…
Key global currencies rates in Egyptian banks on 31 August
Amwal Al Ghad on Monday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound…
AfDB board approves €22 million loan to support Egypt’s electricity sector
The African Development Bank’s (AfDB) board of directors approved on Wednesday a €22 million ($24.75 million) loan…
Egypt, Germany negotiating implementation of phase III of loan swap programme
Egypt and Germany are in talks to implement the third phase of the loan swap programme, which was hampered due to…
Egypt, AFD ink €50m deal to upgrade Cairo Metro Line 1
Egypt has signed a funding agreement worth €50 million ($56.3 million) with the French Development Agency (AFD) to…
EIB, Egypt sign three financing agreements worth €122.7 mln for transport, sanitation…
Egypt has signed three financing agreements totalling €122.7 million ($139.2 million) with the European Investment…
Egypt wins 2 EBRD 2020 Sustainability Awards-minister
Egypt has received two of the European Bank for Reconstruction and Development's (EBRD) 2020 Sustainability Awards,…
Key global currencies rates in Egyptian banks on 28 Jan.
Amwal Al Ghad on Tuesday demonstrates the exchange rates of key global currencies; U.S. dollar, euro, pound…
EIB’s Egypt investments hit €8.7 billion: vice-president
The European Investment Bank’s (EIB) investments in Egypt reached €8.7 billion ($9.5 billion) through 95 projects,…
Egypt, USAID sign four assistance agreements worth $ 59 million
Egypt and the United States, through the U.S. Agency for International Development (USAID), signed on Sunday four…
EBRD earmarks €1.5 billion to spend in Egypt this year
The European Bank for Reconstruction and Development (EBRD) has earmarked €1.5 billion ($1.7 billion) for new…
World Bank approves further $500 mln for Egypt’s social safety net
The World Bank has approved $500 million in additional funding to help Egypt strengthen its social safety nets, the…