Money Egypt’s central bank issues $1.35bln T-bills Sama Mousa Aug 10, 2023 0 The Central Bank of Egypt (CBE) offered new treasury bills (T-bills) worth 42 billion Egyptian pounds in two…
Money Egypt’s c.bank governor Hassan Abdalla meets South Sudanese delegation Yomna Yasser Aug 9, 2023 0 A high-level South Sudanese delegation led by the Bank of South Sudan first deputy governor Addis Ababa Othow…
Money Orascom Financial may join race for Egypt digital banking licence Yomna Yasser Aug 7, 2023 0 Orascom Financial Holding (OFH) is exploring the possibility of applying for a digital banking licence in Egypt…
Money Egypt’s net foreign reserves surge to $34.878 bln in July – c.bank Amwal Al Ghad English Aug 6, 2023 0 Egypt’s net foreign reserves surged to $34.878 billion at the end of July from $34.806 billion at the end of June,…
Banks Turkey’s Ziraat Bank mulls opening rep office in Egypt Hesham Ibrahim & Sanaa Allam Aug 6, 2023 0 Turkish state-owned lender Ziraat Bank is considering opening a representative office in Egypt, in the latest signs…
Tech/AI Turkish Vestel, Zorlu to build $70mln home appliances plant in Egypt Nada Ali Aug 6, 2023 0 Turkish home appliances manufacturing companies Vestel and Zorlu are planning to establish a home appliances…
Money Egypt’s central bank raises interest rates by 100 bps to tame inflation Yomna Yasser Aug 3, 2023 0 Egypt’s central bank raised its key interest rates by 100 basis points (bps) on Thursday in an attempt to control…
Egypt News Egypt’s GDP expects to grow 4% in FY 2024 – FocusEconomics Nada Ali Aug 3, 2023 0 Egypt’s economy is expected to grow by four percent in fiscal year (FY) 2023/24, according to report FocusEconomics…
Banks Egypt’s net foreign assets deficit hikes 125% to $27 bln over a year Nada Ali Aug 2, 2023 0 Egypt's net foreign assets (NFAs) deficit surged by over 125 percent on a yearly basis in June, according to data…
Banks CBE reports foreign deposits rise to EGP 1.516tn in H1 of 2023 Nada Ali Aug 1, 2023 0 The Central Bank of Egypt (CBE) reported on Monday the total foreign currency deposits at Egyptian banks jumped to…