Egypt’s gold reserves inch up to $7.6 billion at end-Sept
Egypt’s gold reserves, a major component of foreign cash reserves, inched up to $7.644 billion at the end of…
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AlexBank says H1 net profit hit EGP 2.365 billion
Egypt’s AlexBank, part of Italy’s Intesa Sanpaolo, announced on Tuesday that its net profit after tax reached 2.365…
Egypt’s gold reserves rise to $7.9 billion at end-June
Egypt’s gold reserves, a major component of foreign cash reserves, rose to $7.974 billion at the end of July from…
Egypt, Nigeria central banks sign fintech cooperation pact
The central banks of Egypt and Nigeria have signed on Monday an agreement to boost cooperation in multiple areas.
First Abu Dhabi Bank Egypt Q1 net profit jumps 572%
First Abu Dhabi Bank – Egypt (FAB Egypt) reported on Thursday a 572 percent growth in net profit for the first…
QNB ALAHLI offers 3-year certificates of deposit at 19.25%
QNB ALAHLI is offering three-year certificates of deposit at 19.25 percent, it said in a statement on Tuesday.
Egypt’s pound weakens to EGP 100 to Kuwaiti dollar at opening
Egypt’s pound currency fell to surpass EGP 100 against the Kuwaiti dinar for selling at some banks during early…
Intesa to start talks to buy rest of Egypt’s AlexBank
Italy's biggest bank, Intesa Sanpaolo will start extensive negotiations in the coming few hours to buy the Egyptian…
Banque du Caire to launch new 22.5%, 25% yield CDs
Egypt’s third largest public state-lender, Banque du Caire (BdC) is launching new one-year certificates of deposits…
Banque Misr raises EGP 39 billion from high-yield CDs in 5 days – chairman
Egypt’s second-largest state lender Banque Misr has collected 39 billion Egyptian pounds ($) from its high-yielding…
Egypt’s pound surpasses EGP 27 level against dollar at closing
Egypt’s pound currency fell to surpass the EGP 27 level against the U.S. dollar during the closing trade at banks…
Banque Misr: pre-tax profit hits EGP 27.7 billion in 9 months
Egypt’s second largest public bank, Banque Misr said on Monday its profit before income tax recorded 27.781 billion…
The godfather of CIB Egypt bank, Hisham Ezz Al-Arab, returns as chairman – Al…
Egyptian veteran banker Hisham Ezz Al-Arab returns for a second stint as chairman of the Commercial International…
Egypt state banks to sign MSME climate financing deals with AFD, EU at COP27
Egypt's three biggest state-owned banks will sign on Thursday at the UN climate summit COP27 a joint agreement with…
Abu Dhabi Commercial Bank Egypt says Q3 pretax net profit hikes 65%
Abu Dhabi Commercial Bank – Egypt (ADCB-Egypt), part of Abu Dhabi Commercial Bank, reported on Monday a 65 percent…
Egypt targets primary surplus of 2.3% in FY2026/27 – minister
Egypt is targeting a primary surplus of 2.3 percent in its budget for the financial year 2026/2027, Finance…
Egypt, IMF finalise agreement on component of new programme – minister
Egypt and the International Monetary Fund (IMF) have finalised an agreement on the components of the new programme…
Egypt’s Banque Misr plans to launch its first digital bank early 2023 – chairman
Banque Misr, Egypt’s second biggest state lender, plans to launch its first digital bank in the homeland by early…
Egypt’s net foreign reserves at $33.141 billion in August
Egypt’s net foreign reserves slightly fell to $33.141 billion at the end of August from $33.143 billion at the end…
Egypt plans green samurai, panda, SDB bonds – minister
Egypt plans to issue green samurai bonds on the Japanese market and panda bonds on the Chinese market, Finance…
Around $35 billion ‘hot money’ left Egypt since pandemic – minister
Egypt's Finance Minister Mohamed Maait said on Sunday that around $35 billion in short-term investment “hot money”…
IMF didn’t require Egypt to lift bread, energy subsidies to unlock loan – minister
Egypt's Finance Minister Mohamed Maait said on Monday that the International Monetary Fund (IMF) did not require…
Egypt targets FDI worth $10 billion annually over four years: minister
Egypt targets $10 billion in foreign direct investment (FDI) annually over the next four years, the country’s…
Maait says $22 billion ‘hot money’ left Egypt
Egyptian Finance Minister Mohamed Maait said on Monday around $22 billion in short-term investment “hot-money” had…
Egypt banks’ assets up 11.5% in four months
The total assets of the banks in Egypt – excluding the Central Bank of Egypt (CBE) – rose 11.5 percent in the first…
ADIB Egypt bank first-half net profit climbs 49.5%
Abu Dhabi Islamic Bank Egypt (ADIB Egypt) reported on Wednesday a 49.5 percent year-on-year growth in net profit in…
Abu Dhabi Commercial Bank Egypt net profit climbs 42% at June-end
Abu Dhabi Commercial Bank – Egypt (ADCB-Egypt), part of Abu Dhabi Commercial Bank, reported on Sunday a 42 percent…
Dollar climbs to strongest since Dec. 2016 vs Egyptian pound
The U.S. dollar strengthened further against the Egyptian pound on Tuesday, trading at 19.07 against the Egyptian…
Egypt’s Banque Misr net profit grows 113% in 18 months
Banque Misr, Egypt’s second biggest state lender, reported on Wednesday a 113 percent growth in net profit to 23.5…
National Bank of Egypt pre-tax profits hit EGP 66 billion in 18 months
The National Bank of Egypt (NBE), the country’s biggest state-run lender, has announced on Wednesday its pre-tax…
ADIB Egypt bank expects double profits, assets in 2026
Abu Dhabi Islamic Bank Egypt (ADIB Egypt) said on Tuesday it expects assets and profits to double within five years…
Egypt’s Banque du Caire Q1 net profit at EGP 800 million
Banque du Caire (BdC), Egypt’s third largest public state-lender, announced on Monday that its net profit recorded…
Egypt’s domestic liquidity rises 2.1% in April
Egypt’s domestic liquidity inched up to 6.416 trillion Egyptian pounds ($344.8 billion) in the at the end of April…
Egypt’s Banque Misr seen launching its first digital bank by May-end
Banque Misr, Egypt’s second biggest state lender, is expected to launch its first digital bank in the homeland by…
Egypt’s foreign inflows grow 30% since pound correction move in March – c.bank governor
Egypt’s Central Bank Governor Tarek Amer said on Wednesday foreign inflows have increased by around 30 percent…
Egypt plans to issue Chinese yuan-dominated bonds: minister
Egypt plans to issue its Chinese yuan-dominated bonds, a step aimed to diversify funding for the economy and…
Egypt aims to host 2023 annual Asian Infrastructure Investment Bank meeting
Egypt plans to host the eighth annual meeting of the board of governors of the Asian Infrastructure Investment Bank…
Egypt’s VC fintech investments jump 300% in 2021 – report
Venture capital (VC) investments directed to the fintech and fintech-enabled startups are witnessing have surged…
Egypt’s Arab African International Bank says net profit jumped 70.7% in 2021
Egypt's first Arab multinational bank Arab African International Bank (AAIB) reported on Monday a 70.7 percent…
National Bank of Egypt raises $11 billion from high-yield certificates in 9 days
Egypt’s biggest state lender, the National Bank of Egypt (NBE) has raised 200 billion Egyptian pounds ($10.9…