Egypt’s NBE, Banque Misr deactivate 25% yield certificates
Egypt's two biggest state banks, the National Bank of Egypt (NBE) and Banque Misr have announced on Tuesday the…
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Central Bank of Egypt (CBE)
CIB Egypt fully acquires Mayfair Bank in Kenya for $40mln
Egypt's largest private bank, the Commercial International Bank (CIB-Egypt) has acquired the remaining 49 percent…
S&P Global affirms Egypt’s B rating on exchange rate flexibility, IMF, GCC support
S&P Global Ratings has affirmed on Friday Egypt’s credit rating at B with a stable outlook buoyed by he latest…
Foreign investors pour $925 million into Egypt since January 11: central bank
Foreign investors have transferred more than $925 million into the Egyptian foreign exchange market in the three…
CBE launches 1st Digital Academy to develop workers’ skills in banking sector
FinTech Egypt initiative powered by Central Bank of Egypt (CBE) has released the first Digital Academy, to become…
Egypt’s pound hits EGP 29.76 against dollar at closing
Egypt’s pound currency has recorded EGP 29.76 against the U.S. dollar during the closing trade at banks on…
IMF: Egypt’s central bank may warrant additional policy tightening to curb inflation
Egypt’s central bank (CBE) may warrant additional monetary policy tightening as persistent inflationary pressures…
Bahraini Bank ABC finalises acquisition of Blom Bank’s unit in Egypt
The Arab Banking Corporation (Bank ABC) has announced on Wednesday its compilation of the legal merger of its two…
Banque Misr issues 1-year saving certificate with 25% interest
Banque Misr has launched a new 25 percent annual yield saving certificates to be spent at the end of the period, or…
Egypt’s net foreign reserves surge to $34.002 billion in December
Egypt’s net foreign reserves surged to $34.002 billion at the end of December from $33.532 billion at the end of…
