GAFI, Emirates NBD sign MoU to promote investment in Egypt
Egypt's General Authority for Investment and Free Zones (GAFI) signed a memorandum of understanding (MoU) on Sunday…
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Banking Sector
Kuwait c. bank cuts rates by 25 basis points
The Central Bank of Kuwait (CBK) on Wednesday cut the discount rate by 25 basis points to 3.50 per cent, effective…
Egypt’s Social Housing Fund, United Bank sign deal to expand mortgage finance cooperation
Egypt’s Social Housing and Mortgage Finance Fund (SHMFF) signed a new cooperation protocol with the United Bank on…
Fitch affirms Egypt’s rating at ‘B’ with stable outlook
Fitch Ratings has affirmed Egypt’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’, maintaining a…
Egypt’s c.bank launches Banking Reform and Development Fund
Egypt’s central bank has launched the Banking Reform and Development Fund and appointed an eleven-member board for…
Kuwait cuts discount rate by 25 bps
Kuwait’s Central Bank cut the discount rate by 25 basis points to 3.75 per cent, effective Thursday, in response to…
Fitch: Egypt’s bank liquidity to stay stable through ’27
Fitch Solutions projected continued stability in Egypt’s banking sector liquidity over the next two years.
CBE suspends banking operations on Thursday for Revolution Day
The Central Bank of Egypt (CBE) announced that all banks operating in the country will suspend work on Thursday,…
Egypt eyes stronger partnership with Standard Chartered Bank
Egypt’s Deputy Minister of Investment and Foreign Trade Ghada Nour held a high-level meeting with representatives…
Egypt’s banks off on July 3rd
The Central Bank of Egypt (CBE) announced that all banks operating in the country will suspend work on Thursday,…