Egypt’s net international reserves inch up to $37.123bn in April
Egypt’s international reserves consist of foreign exchange (FX), gold, special drawing rights…
Non-governmental bank deposits in local currency increase by EGP 193bn in March 2022
Deposits in foreign currencies also increase to EGP 808.372bn
MSMEDA injects EGP 2bn to finance 60k projects during 1Q 2022
Significant part of funds go to Upper Egypt, border governorates: Trade Minister
Egypt expected to raise interest rates after US Fed decision
CBE awaits inflation data to determine extent of increase
Finance Ministry plans to issue 35 T-bill, bond offerings worth EGP 244bn in May
Plan includes 20 T-bill bids worth EGP 213.5bn, 15 bond bids worth…
‘Khazna’ obtains CBE’s approval to launch prepaid card in partnership with ADIB
Khazna card allows money withdrawal and deposit, online payment, and payroll.
CBE to issue bid for local treasury bills denominated in USD, worth $1bn
The proceeds of this bid will be directed to pay the maturity…
CBE releases core set of financial inclusion indicators
36.8m citizens own transactional accounts, including 16m women
Egypt looks forward to US Export-Import Bank providing low-cost finance for green projects: Finance Minister
Cairo targets increasing joint cooperation with EXIM Bank in financing development projects,…
Acquisition of share in CIB will not negatively affect management of bank, harm interests of clients: Alpha Oryx
The company plans to work with the management of the bank to…