Egypt’s net foreign reserves edge up to $40.062 billion at end-2020 – c.bank
Egypt’s net foreign reserves inched up to $40.062 billion at the end of December from $39.221 billion in November,…
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Egypt’s MSMEDA offers EGP 3.7bn funding in 11M
Egypt's Micro, Small and Medium Enterprise Development Agency (MSMEDA) has injected 3.7 billion Egyptian pounds…
Microfinance in Egypt has seen a 7% growth in Q3 2020
The value of microfinance in Egypt grew by seven percent recording 42.7 billion Egyptian pounds during the third…
Egypt’s central bank eyes average inflation rate at 7% (±2%) in Q4 of 2022
The Central Bank of Egypt (CBE) also adjusted its inflation target to a range of 7 percent (+/- 2 percent) by the…
Remittances from Egyptians abroad rise 19.6% y/y in Q1-FY2020/21
Remittances from Egyptians working abroad rose by 19.6 percent year-on-year in the first quarter of the 2020-2021…
Emirates NBD Egypt pre-tax profits at EGP 1.338 billion in 9 months
Emirates NBD Egypt said on Sunday its profits before tax reached around 1.338 billion Egyptian pounds ($85.5…
EBRD lends $700 mln to help Egyptian SME businesses
The European Bank for Reconstruction and Development (EBRD) will lend nine Egyptian banks $700 million to help…
Bank Audi Egypt says assets grow 10.6% in 9 months
Bank Audi Egypt, part of Lebanon's Bank Audi, reported on Wednesday a 10.6 percent growth in total assets for the…
Egypt’s AlexBank pre-tax profits at EGP 2.786 bln in nine months
Egypt’s AlexBank, part of Italian bank Intesa Sanpaolo, said on Tuesday it posted profits before tax worth 2.786…
Housing Bank reports net profits of EGP1.42 bln in 9M
Housing and Development Bank (HDB) has logged an increase in its profits before tax and interest to register 1.913…