CIB leads syndicated loan of EGP 9bn for Madinet Masr in partnership with 6 banks
The Commercial International Bank—Egypt (CIB), acting as the lead arranger and financier,…
Banks in Egypt report EGP 426.911bn in net profits for 9M 2024
The Central Bank of Egypt (CBE) has announced that banks operating in…
Egyptian banking alliance grants EGP 4.235bn to Al-Zahi Group for development projects
Three leading Egyptian banks—the National Bank of Egypt (NBE), Banque Misr, and…
Microfinance reaches EGP 95.5bn for 4.5 million clients in September: Zulficar
Mona Zulficar, Chairperson of the Egyptian Medium, Small and Micro-Enterprise Finance Federation,…
CBE reports increase in foreign assets surplus to $11.8bn in November 2024
The Central Bank of Egypt (CBE) announced a net foreign assets surplus…
CBE reports decline in annual core inflation to 23.7% in November
The Central Bank of Egypt (CBE) has reported a slight decrease in…
Egypt’s annual urban inflation slows to 25.5% in November 2024
Egypt’s annual urban inflation rate eased to 25.5% in November 2024, down…
Banks, mortgage companies inject EGP 78.66bn into low-income initiative in November
Financial institutions participating in Egypt's low-income mortgage finance initiative provided a total…
CBE joins Pan-African Payment and Settlement System
As part of Egypt’s efforts to deepen economic collaboration with African nations,…
ETA launches permanent Advance Ruling Unit to enhance transparency, support investors
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has announced…