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Banks
EBRD boosts Egypt’s digital sector with $22m Paymob stake
The European Bank for Reconstruction and Development (EBRD) is advancing Egypt's digital transformation with a $22…
Egypt’s dollar interbank transfers total $13.745b in FY ’23-’24
Foreign currency banking transfers (dollar interbank transactions) under the Fin-Copy system, they recorded 13,139…
Egypt’s net FDI hits $23.7b in 9m – CBE
Egypt reported a record-breaking in its net foreign direct investment (FDI), reaching around $23.7 billion between…
CBE: Banks off on Sunday for Islamic holiday
The Central Bank of Egypt (CBE) announced that Sunday, 15 September 2024, will be an official holiday in…
Solomon Islands gets $35m boost for renewable energy
The Asian Development Bank (ADB) and the Government of Solomon Islands have launched a transformative renewable…
Egypt’s core inflation hits 25.1% Y-o-Y in August – CBE
Egypt’s core consumer price index (CPI) inflation recorded 25.1 per cent year-on-year in August 2024 compared with…
Central Bank of Egypt withdraws EGP795.350b to manage liquidity
The Central Bank of Egypt (CBE) withdrew 795.350 billion Egyptian pounds from the market on Tuesday through an open…
Egypt’s Nasser bank’s to expand into non-banking deals
The Financial Regulatory Authority (FRA) has added Nasser Social Bank to the list of institutions allowed to…
China’s foreign trade rises by 6% in 1st 8-m of ’24
China’s total goods imports and exports increased by 6 per cent year-on-year (YoY) in yuan terms (CNY) in the first…
HSBC considers merging commercial, investment banking to reduce costs
HSBC is exploring the possibility of combining its Commercial and Investment banking divisions to streamline…
