First Abu Dhabi Bank cooperates with CBE to complete acquisition of Bank Audi: CEO Fayed
He believes this deal will contribute to strengthening the Egyptian investment opportunities,…
Beltone maintains positive outlook for banks due to improvement in economic activities
Economic growth seen in improvement of financial position of banking sector with…
MSMEDA pumps EGP 14.2m into 349 small, micro enterprises in Gharbeya
These achievements are a continuation of the efforts made in the initiative…
$222m increase in Egypt’s FX reserves during November 2021: CBE
Gold reserves also grow by $5m, while SDRs decline $197m
CBE signs protocol to link ‘Nafeza’ customs platform with banking system
This step is in line with the state's direction to implement the…
CBE receives 24 bids worth $1.15bn for T-bills tender denominated in US currency
The proceeds of this tender will be directed to pay for a…
Egypt’s external debt increases to $137.9bn in June 2021: Central Bank
Long-term debt ($124.2bn) accounts for 90.1% of total external debt, whereas short-term…
Non-governmental deposits in local currency with banks up to EGP 4.308trn in October 2021
The Central Bank of Egypt revealed that demand deposits in local currency…
Egyptian businesses predict double-digit revenue growth: HSBC
83% of businesses expect profitability to grow in next 12 months
NBE launches ‘B2B’ e-payment service for corporates
Bank aims to expand e-payments in line with Central Bank’s direction towards…