Egypt’s Finance Ministry to release new export support package tomorrow
The Ministry of Finance announced the commencement of a new phase in its Export Support programme, aimed at…
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National Bank of Egypt
Egypt’s top FX firms collect EGP 11.9b after flotation decision
The exchange firms associated with the National Bank of Egypt, Banque Misr, and Banque du Caire have collected…
Moody’s reveres outlook of 5 Egyptian banks’ to positive
Moody's Ratings affirmed ratings and assessments for five Egyptian banks and reversed their outlook from negative…
Egypt’s NBE offers 1-yr CD with 23% daily yield
The National Bank of Egypt offers on Thursday new one-year certificate of deposit (CD) starting from 1000 Egyptian…
Egypt’s NBE issues 3-yr CD with up to 30% yield
The National Bank of Egypt (NBE) has issued on Wednesday new three-year certificate of deposit (CD) with a…
Egypt’s currency FX rate hits 46.45 against dollar
Egypt's pound currency weakened on Wednesday to a new low of 46.45 Egyptian pounds against the US dollar, according…
Egypt’s ENR seeks to secure EGP6 bln before year-end: sources
State-run Egyptian National Railways (ENR) plans to secure six billion Egyptian pounds before the end of this year…
AIIB’s investment portfolio in Egypt reaches $1.3bln since 2016
The Asian Infrastructure Investment Bank’s (AIIB) development cooperation portfolio in Egypt has reached a total…
Egypt’s SCZone aims to borrow EGP 30bn for green hydrogen projects – sources
The General Authority of Suez Canal Economic Zone (SCZone) seeks to lend 30 billion Egyptian pounds from a…
Egyptian banks, firms inject EGP 61.46bn in low-income mortgage initiative
Egypt’s Social Housing and Mortgage Finance Fund has revealed in a recent report on Sunday that banks and companies…
