The National Bank of Egypt (NBE) and Banque Misr collected 67 billion Egyptian pounds from the recently …
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Central Bank of Egypt
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BanksEgypt NewsFeatureNews
Egypt’s NBE, Banque Misr issue new 19%, 22% CDs over 3 years
by mohamed Hamdy & Nada Aliby mohamed Hamdy & Nada AliEgypt’s two biggest state lender, the National Bank of Egypt and Banque Misr have launched on Sunday …
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BanksEgypt NewsFeatureNews
Egypt’s c.bank expects 200bps interest rate hikes next meeting – EFG Hermes
by Nada Aliby Nada AliEgypt’s investment bank, EFG Hermes expected on Wednesday that the Central Bank of Egypt (CBE) will raise …
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BanksFeatureMoney
BREAKING: Hisham Ezz Al-Arab officially named CIB Egypt bank non-executive chairman
by Yomna Yasserby Yomna YasserThe general assembly of the Commercial International Bank (CIB Egypt) on Monday officially named Egyptian veteran banker …
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BanksEgypt NewsFeatureNewsTech news
CBE launches regulations for payments via mobile apps
by Sama Mousaby Sama MousaThe Central Bank of Egypt (CBE) has set new regulations for contactless payment through mobile applications on …
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BanksEgypt NewsFeatureNews
Egypt’s gold reserves record $7.372bln in February – central bank
by mohamed Hamdy & Nada Aliby mohamed Hamdy & Nada AliEgypt’s gold reserves, a major component of foreign cash reserves reached $7.372 billion at the end of …
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Egypt NewsFeatureIndustry & TradeNewsTech/AI
Egypt releases $3.7bln goods from ports in 18 days
by Nada Aliby Nada AliEgyptian government has released $3.7 billion worth of goods from ports during the period from February 1st …
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BanksEgypt NewsFeatureNews
Egypt’s annual core inflation surges to 31.2% in January – c.bank
by Nada Aliby Nada AliEgypt’s year-on-year core inflation rate hiked to 31.2 percent in January 2023, compared to 24.4 percent in December …
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BanksEgypt NewsFeatureMoneyNewsTech/AI
CIB Egypt fully acquires Mayfair Bank in Kenya for $40mln
by Nada Aliby Nada AliEgypt’s largest private bank, the Commercial International Bank (CIB-Egypt) has acquired the remaining 49 percent stake in …
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Egypt NewsFeatureFinancial InstitutionsMoneyNews
S&P Global affirms Egypt’s B rating on exchange rate flexibility, IMF, GCC support
by Yomna Yasserby Yomna YasserS&P Global Ratings has affirmed on Friday Egypt’s credit rating at B with a stable outlook buoyed …