Banks’ investments in T-bills reached EGP 549.96bn
Banks’ investments in treasury bills (T-bills) reached EGP 549.96bn by the end of September 2017, against EGP 522.35bn in August 2017, up by EGP 27.6bn. Public sector banks’ investments in…
Deposits portfolio reached EGP 3.124tn
The size of the banks’ deposits portfolio reached EGP 3.124tn at the end of August 2017, up from EGP 3.071tn at the end of July, an increase of EGP 53bn,…
80% rise in net foreign assets
The net foreign assets of the Egyptian banking sector as a whole, including the Central Bank of Egypt (CBE), scored about EGP 174.878bn at the end of August, compared to…
ABE, MSMEs Development Agency to sign agreement worth EGP 50m to finance women’s project within two weeks
Bank may offer funding scheme to contribute to establishing the first model village for animal and agricultural production in the New Valley governorate: Elkosayer
Private business 61.9% of total non-governmental credit facilities granted by banks: CBE
Industry obtained 26.894% of total loans, letters of credit and guarantee, versus 22.34% by services
Global Entrepreneurship Week supports young startups in Egypt
The Global Entrepreneurship Week (GEW), the world’s largest celebration of entrepreneurship, kicked off on 12 November. Organized by the International Labour Organization (ILO) and the International Council for Small Business…
French-Egyptian Sustainable City week kicks off 22 November
French Ambassador to Egypt Stéphane Romatet will inaugurate the first session of the French-Egyptian week for exchanges and meetings on urban topics on 22 November. Under the title “Sustainable City…
‘Renewable Energy’: Lightening the path to future
The Maulana Azad Centre for Indian Culture of the Embassy of India in Cairo organised the 15th edition of MACIC Roundtable, a monthly seminar series involving youth, academics, culture lovers,…
AAIB opens its branches for primary school students within framework of its financial education programme
In the belief that applying the definition of financial inclusion is one of the main pillars to achieve economic growth through reaching the different segments of society and raising awareness…