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Egypt’s central bank says net profit hit EGP 14.5 billion at August-end
Egypt’s central bank has posted a net profit of 14.538 billion Egyptian pounds ($470.5 million) in August, from…
Fitch Solutions expects Egypt’s c.bank to hike interest rates by 100bp before year-end
Fitch Solutions expects Egypt’s central bank to raise its key interest rates by 100 basis points before the end of…
Kesas Le Atfal Enaharda: new Arabic podcast for Egyptian children
Kesas Le Atfal Enaharda is a new podcast telling children's stories in Egyptian Arabic linking traditional…
Italy’s Lucaffè Coffee opens its frst branch in Egypt
Italy's Lucaffè Coffee shop opened its first branch in Cairo's Chill Out Station in Sadat Axis on Wednesday.
Egypt’s stock market all-time high as locals hedge against inflation
Egypt’s stock market is approaching an all-time high as local investors flood to protect their savings from surging…
Egypt new ‘highest interest ever’ dollar savings certificates
Egypt’s two biggest state banks, the National Bank of Egypt (NBE) and Banque Misr have on July 26 issued two types…
FACTBOX: Banque Misr new USD savings certificates
On July 26, Banque Misr has issued two dollar-dominated three-year certificates of deposits, at very special rates…
FACTBOX: National Bank of Egypt new USD savings certificates
On July 26, Egypt’s largest state lender, the National Bank of Egypt (NBE) has issued two dollar-dominated…
Egypt’s gold reserves hit $7.9 billion in May – c.bank
Egypt’s gold reserves, a major component of foreign cash reserves, rose to $7.949 billion at the end of May from…
Egypt’s net foreign reserves rise to $34.660 bln in May – c.bank
Egypt’s net foreign reserves increased to $34.660 billion at the end of May from $34.551 billion at the end of…
