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Money
Why rate rise is no answer to 30% inflation in Egypt: Bloomberg
Egypt’s central bank is likely to hold interest rates on Sunday, even with inflation still soaring after the…
Egyptian central bank to launch a microfinance initiative next Tuesday
Egypt’s central bank will launch its anticipated microfinance initiative next Tuesday, a step that follows recent…
Egypt’s CIB named best bank in the Middle East
Egypt’s largest listed lender, Commercial International Bank (CIB) was named on Tuesday as the best bank in the…
Takaful captures 9.6% of Egypt total insurance premiums in two months
Takaful firms have managed to grab 8 percent of the total insurance premiums in Egypt during January and February,…
IMF backs Egypt plan to remove fuel subsidies in 3 years, ease inflation: official
The International Monetary Fund is encouraged by Egypt's efforts to remove fuel subsidies within three years and…
CBE takes measures to protect Egypt’s banks against ransomware
The Central Bank of Egypt (CBE) issued instructions to banks operating in the local market to take precautionary…
Financial crisis over, 2018 to witness boom: Egypt’s CBE governor
The financial crisis is over and 2018 will see a boom, said Governor of the Central Bank of Egypt (CBE) Tarek Amer.…
France’s Crédit Agricole targets higher Egypt market share
French lender Crédit Agricole is planning to boost its market share in Egypt by expanding in small and medium-sized…
Central bank of Egypt to cancel $100,000 limit on individual bank transfers
Egypt’s central bank governor Tarek Amer said yesterday the central bank would soon cancel a $100,000 limit on…
Al Baraka Bank, Flat6Labs sign MoU to support entrepreneurs and start-ups
Al Baraka Banking Group (B.S.C) and Flat6Labs have signed an MOU to collaborate in a series of activities including…