Egypt ranks world’s 6th largest remittance recipient by $24.4bn in 2020: CAPMAS
Marriage is main reason behind migration from urban to rural, vice versa…
Central Bank of Egypt renews warnings against cryptocurrency
Bank calls upon dealers in Egyptian market to be very careful, not…
Egyptian employees financially affected by COVID-19 down to 26.9% in Q4 2020: CAPMAS
Household consumption of medical devices increases to 93%
Agricultural Bank of Egypt expands ‘Bab Rizq’ microfinance programme to 150 branches
Programme aims to increase income, improve livelihoods in rural areas, achieve financial…
Central Bank of Egypt directs for simplified bank account opening procedures
Facilities will be provided for small companies to open accounts
Banks in Egypt see EGP 2.448trn credit facilities in November 2020: CBE
Total bank deposits rose to EGP 5.126trn in November 2020, compared to…
Egypt injects EGP 9.1bn to fund women’s SMEs in almost 6 years
Country provides 623,500 loans for small, micro projects from July 2014 to…
EGP 1.166trn increase in financial position of banks in Egypt during 2020: CBE
Banks report EGP 325.761bn reserves, EGP 162.274bn provisions to nonperforming loans
CBE to announce details of new presidential mortgage finance initiative soon
Proposed mortgage finance initiative to boost real estate sales
CBE allocates EGP 1.2bn to finance unpaid natural gas bills of ceramic companies
Allocation comes as part of industrial private sector initiative