3 exchange companies accumulate over EGP 11bn since liberalisation
Following the liberalisation of the local exchange rate, three major exchange companies…
Government to borrow EGP 1.491trn from local market in Q4 FY 2024
The Egyptian government plans to secure a substantial loan of EGP 1.491trn…
MSMEDA, Kredit ink EGP 100m financing deal for SMEs
Loans will range from minimum of EGP 500,000 to maximum of EGP…
Ras El-Hekma project boosts Egypt’s net international reserves to $40.361bn
The Central Bank of Egypt (CBE) has announced a significant boost in…
Exchange companies collect nearly EGP 9bn in foreign currencies in 26 days
Exchange companies associated with the National Bank of Egypt, Banque Misr, and…
Liquidity in Egyptian banking sector rises to EGP 9.12trn in February 2024: CBE
Non-governmental bank deposits in local currency increase to EGP 6.447trn
Suez Canal Bank announces new leadership appointments
El Maghraby appointed as CEO and Managing Director, Tantawi to serve as…
NBE acquires 24% share in Hyde Park Developments
Licensed capital estimated at EGP 10bn, land portfolio exceeds 6 million square…
CBE introduces new controls for updating customer data in banks
Banks must obtain CBE approval for electronic client data updates and have…
CBE approves capital increase for Banque du Caire
The Central Bank of Egypt (CBE) has granted approval for Banque du…
