Banking expert advises against new high-yield savings certificates
Interest rate hikes deemed detrimental to economy, inflation goals, says Abdel-Aal
CBE unveils key banking indicators up to August 2023
Customer deposits climb to EGP 9.719trn, with household sector holding 75.4%
IFC provides $50m Murabaha finance to Al Baraka Bank to support SMEs, women entrepreneurs in Egypt
The International Finance Corporation (IFC) announced on Monday a partnership with Al…
MSMEDA updates its strategic work plan for the coming years: Rahmi
Basil Rahmi, the CEO of the Micro, Small and Medium Enterprises Development…
MSMEDA finances 1.9 million small, micro-projects with EGP 48.3bn in President Al-Sisi’s tenure
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has increased its…
CBE attracts $1.09bn in bids for dollar-denominated treasury bills
The Central Bank of Egypt (CBE) announced that it received 23 bids…
Egypt’s external debt recorded $164.7bn end of June rising 5.8% Y-o-Y: CBE
Long-term debt accounted for $136.6bn, whereas short-term debt accounted for US$ 28.1bn
Financial position of banks in Egypt reaches EGP 14.473trn in August 2023: CBE
Net foreign assets of the banking sector increase by EGP 33.3bn in…
MSMEDA provides EGP 4.1bn to support 128,000 small, micro-projects in 10 months
Funding creates 212,000 permanent, 278,000 daily job opportunities in various sectors
Fahmy Hanna appointed as non-executive chairperson of saib pending CBE approval
The Board of Directors of saib bank has appointed Fahmy Hanna as…