Egypt expedites EGP 8b Export-It payments
Export-It Programme payments for beneficiaries of the seventh stage of the immediate cash payment initiative will…
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Visa launches $100mln generative AI ventures initiative
Visa launched on Monday a new $100 million generative AI ventures initiative to invest in companies harnessing…
Egypt to receive first tranche of IMF loan soon – c.bank
Egypt will receive the first part of the International Monetary Fund (IMF) $5.2 billion standby loan within a few…
Orient Takaful, National Bank of Egypt deal to facilitate installment payments from…
Orient Takaful Insurance – Egypt signed a deal with the state-run National Bank of Egypt to facilitate payment of…
UAE’s Dana Gas receives $48mn payments from Egypt in June
UAE-based Dana Gas has announced that it has received payments of $48 million (AED177 million) from its operations…
Foreign buyers snapped up Egyptian 5-year bonds in auction
Foreign investors bought all of the five-year Egyptian treasury bonds auctioned on Monday, the country’s Finance…
Egypt expects to receive 5th tranche of IMF loan in Jan.
Central Bank of Egypt's governor Tarek Amer said on Sunday the fifth tranche of a $12 billion loan from the…
Saudi banks plunge on tax payments, Wall Street’s decline weighs on Gulf
Saudi shares fell sharply on Sunday, with banking shares dropping after lenders said they had reached a deal with…
Egypt on track to achieve its financial targets: FinMin
Egypt’s state revenues grew 35.5 percent in the first quarter of this financial year, putting the government on…
National Bank of Egypt changes interest rates on savings accounts
The National Bank of Egypt (NBE) has divided interest payments on savings accounts into five tiers on the basis of…
