World Bank keeps Egypt’s real GDP growth at 5.5% in 2021/2022
The World Bank (WB) decided to maintain Egypt’s real GDP growth at 5.5 percent for the financial year 2021/2022,…
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Banks
Central bank says Egyptians withdrew EGP 9 billion from ATMs during Eid
Egyptians have withdrawn around 9 billion Egyptian pounds ($567.4 million) from ATMs nationwide during the Eid…
Lebanon seeks $4b-$5b in loans for wheat, fuel, medicine
Lebanon is looking to secure $4 billion to $5 billion in soft loans from international donors to finance purchases…
CBE new board of directors to convene for first time Sunday
The Central Bank of Egypt's (CBE) new board of directors is expected to hold its first meeting after its formation…
Egypt’s Islamic banking hits EGP312bln in September 2019
The volume of Islamic banking in Egypt registered 312 billion Egyptian pounds by the end of March 2019, said head…
Egypt’s Banque Misr SME lending grows 17 times in 3 years
Banque Misr, Egypt’s second largest public bank, had increased its lending for small and medium-sized businesses by…
Egypt’s housing bank pumps EGP6.7bln into personal mortgage in 9 months
Egyptian state-owned Housing and Development Bank’s (HDB) has pumped personal mortgage loans of 6.7 billion…
Queues build at Lebanese banks reopening after one-week closure
Queues built as Lebanese banks reopened on Tuesday after a one-week closure, with police deployed at branches and…
NBE boosts retail lending to EGP80 bln in 2019
National Bank of Egypt (NBE), the country's largest state bank, has posted an increase in its retail lending to 80…
Egypt banks hiked SMEs loans to $9 bln since 2016: El-Etreby
Banks in Egypt have extended more loans to small and medium-sized firms in the first half of the year, heeding the…
