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…
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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…