CBE explains August’s inflation rise after 5-month decline
Egypt’s annual urban headline inflation ticked up to 26.2% in August 2024,…
AfDB approves $6.6m grant to strengthen Somalia’s financial sector
The African Development Bank Group (AfDB) has approved a $6.6m grant to…
CIB announces new leadership: Ezz Al-Arab as CEO, Sabbour as 1st female chair
The Commercial International Bank - Egypt (CIB) has appointed Hisham Ezz Al-Arab…
CBE’s net foreign assets record $10.3bn surplus in August
The Central Bank of Egypt's net foreign assets (NFA) achieved a surplus…
Al-Mashat, Kouchouk review efforts to resolve financial entanglements between NIB, Egypt Post
Egypt’s Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, and…
Banks, companies offer EGP 73.09bn under ‘Affordable Housing Initiative’ until August
Banks and mortgage companies participating in the Affordable Housing Initiative have provided…
Egyptian remittances increase 32.4% to $15.5bn in 7M 2024: CBE
The Central Bank of Egypt (CBE) revealed that Egyptian expatriates’ remittances increased…
CIB arranges EGP 7bn syndicated loan for Ora Developers Egypt
The Commercial International Bank (CIB) – Egypt has arranged a syndicated loan…
CBE hosts first Egypt Fraud Combating Forum
The Central Bank of Egypt (CBE), in collaboration with Visa, hosted the…
CBE expects significant inflation decline in early 2025
The Central Bank of Egypt (CBE) has projected a significant decrease in…