Egypt sees remittances grow to $29.6bn in 2020: CBE
Increase of $529.2m in such transfers recorded from October to December 2020
CBE reveals developments in commodity prices during February 2021
Annual food inflation remained broadly stable at -0.5% for second consecutive month
Financial position of banks in Egypt approaches EGP 7trn in October 2020: CBE
Banks’ total capital reaches EGP 174.592bn, reserves EGP 314.082bn, provisions to nonperforming…
AAIB lends Libra Capital EGP 200m to finance renewable energy purchase agreements
Agreements cover design, financing, installation, and operation of solar energy stations
Egypt launches foreign exchange trading with instant settlement system on 22 March
New system shortens time frame to execute payments in foreign currencies between…
National Bank of Egypt launches new fintech platform
NBE’s Tamkeen for microfinance acquires 75% of e-payment company Momken
Egypt’s foreign debt rises to $125.3bn in September 2020: CBE
Net foreign assets increase by EGP 125.9bn within four months
MID Bank launches new brand in Egyptian market
Bank boasts integrated strategy to develop various business sectors, grow and support…
Banque du Caire to launch e-payment firm in support of digital transformation, financial inclusion: Chairperson
Bank has come long way in digital transformation, becoming top priority since…
Egypt’s net international reserves increase to $40.2bn in February: CBE
FX reserves increase by about $363m to $35.905bn in February