Money World Bank announces more than $6b support plans for Egypt Yomna Yasser Mar 18, 2024 0 The World Bank announced on Monday plans to provide more than $6 billion in support to Egypt throughout the coming…
Feature CBE: Egyptian banking’ net profit records EGP 283.4b in ’23 Yomna Yasser Mar 18, 2024 0 The Egyptian banking sector saw its net profit grew by more than half throughout 2023, the central bank said in its…
Money Banque Misr Chair: Remittances from Egyptians abroad grow 10-fold Yomna Yasser Mar 13, 2024 0 As Egypt enforced exchange rate reforms, signed landmark multi-billion agreements, and received the thumbs up from…
Money IMF-Egypt deal may catalyse $20b in foreign funds – FinMin Yomna Yasser Mar 7, 2024 0 The new International Monetary Fund (IMF) deal is expected to catalyse a total of $20 billion in foreign support…
Money Emirates NBD-Egypt 2023 net profits jump 174% Yomna Yasser Mar 7, 2024 0 Emirates NBD-Egypt reported on Thursday a 174 per cent growth in its net profits for 2023, marking the highest…
Money Egypt Oks LIBOR transition to SOFR in EBRD deals Yomna Yasser Mar 7, 2024 0 Egyptian President Abdel Fattah al-Sisi issued the presidential decree no. 483 of 2023 approving the use of SOFR as…
Money Egypt’s banking system is solid, resilient: CBE deputy governor ElKholy Yomna Yasser Mar 6, 2024 0 The Central Bank of Egypt (CBE) is working around the clock to ensure the soundness and stability of the banking…
Money CBE has no exchange rate target, focuses on inflation fight – Hassan Abdalla Yomna Yasser Mar 6, 2024 0 Egypt’s central bank has no intention to keep the exchange rates at a certain level as number one priority right…
Money IMF board to meet on Egypt loan deal before March-end Yomna Yasser Mar 6, 2024 0 The International Monetary Fund's executive board is expected to meet before the end of March to approve the…
Money Georgieva: IMF-Egypt deal ‘significant step’ Yomna Yasser Mar 6, 2024 0 International Monetary Fund Managing Director Kristalina Georgieva said in a tweet on Wednesday the staff-level…