Turkey’s Ziraat Bank mulls opening rep office in Egypt
Turkish state-owned lender Ziraat Bank is considering opening a representative office in Egypt, in the latest signs…
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Central Bank of Egypt (CBE)
Turkish Vestel, Zorlu to build $70mln home appliances plant in Egypt
Turkish home appliances manufacturing companies Vestel and Zorlu are planning to establish a home appliances…
Egypt’s central bank raises interest rates by 100 bps to tame inflation
Egypt’s central bank raised its key interest rates by 100 basis points (bps) on Thursday in an attempt to control…
Egypt’s GDP expects to grow 4% in FY 2024 – FocusEconomics
Egypt’s economy is expected to grow by four percent in fiscal year (FY) 2023/24, according to report FocusEconomics…
Egypt’s net foreign assets deficit hikes 125% to $27 bln over a year
Egypt's net foreign assets (NFAs) deficit surged by over 125 percent on a yearly basis in June, according to data…
CBE reports foreign deposits rise to EGP 1.516tn in H1 of 2023
The Central Bank of Egypt (CBE) reported on Monday the total foreign currency deposits at Egyptian banks jumped to…
CBE: monthly transactions via mobile wallets increase to EGP 100bln
The Central Bank of Egypt (CBE) announced on Thursday that the monthly transactions via mobile wallets services in…
Arab Monetary Fund provides $615.8mln to support Egypt’s financial sector
The Arab Monetary Fund (AMF) has extended a new loan to Egypt of 153.475 million Arabic dinars ($615.8 million) to…
GM Egypt eyes future expansion in local market
General Motors Egypt discussed expansion plans in the Egyptian market with Egyptian Minister of Trade and Industry…
Egypt’s current account deficit at $5.3bln in July-March 2022/23 – CBE
Egypt's current account deficit shrunk to $5.3 billion in July-March of the fiscal year 2022/23 compared to $13.6…
