Egyptian pound devaluation could cause heavy losses for customers with open currency position
Importers of medicines and commodities priced upon the US dollar’s official rate…
CBE stabilises Egyptian pound’s price against US dollar, ignores market’s expectations again
Analysts ruled out Egyptian pound’s devaluation before 11 November
Emirates NBD launches specialised unit for financing SMEs in Egypt
Emirates NBD announced the establishment of a specialised unit for financing small-…
Misr Financial Investments Company contracts with Hermes, HSBC to offer its Banque du Caire share on EGX
The company will remain the owner of the ruling share in the…
33 banks offer investments worth EGP 278.85bn in CBE’s deposit operation
Thirty-three banks operating in the domestic market offered investments worth EGP 278.85bn…
State banks boost their investment in treasury bills by EGP 13.8bn in July: CBE
Banking sector accounts for 77% of total outstanding balances of bills
Household sector accounts for 62.8% of total deposits at banks in July
This sector’s deposits increased by EGP 8.849bn and EGP 2.729bn in foreign…
Domestic public debt jumps to EGP 2.612tr as of end of June: CBE
The government’s net debt amounted to EGP 2.286tr during FY 2015/2016, an…
Private sector acquire 59.5% of total credit facilities granted by banks to customers through July: CBE
Deposits increase by EGP 15.4bn, including EGP 12.8bn in local currency
Delegation of Chinese investors meet with NBE officials to discuss investment opportunities in Egypt
The bank has invited the delegation to invest in a number of…