Egypt’s external debt declines to $160.6bn in Q1 2024
Egypt's external debt registered $160.6bn at the end of March 2024, a…
CIB exits investment in Egypt Otsuka Pharmaceuticals, selling stake to Otsuka Group
Commercial International Bank-Egypt (CIB), Egypt’s leading private-sector bank, has announced the successful…
FABMISR profits surge 139% to EGP 15.8bn in H1 2024
First Abu Dhabi Bank Misr (FABMISR) has announced strong financial results for…
CBE hosts training programme on big data, AI for COMESA central banks
The Central Bank of Egypt (CBE) is hosting a training programme on…
Favourable base effects, declining food prices drive down Egypt’s inflation: CBE
Egypt's annual urban headline inflation rate declined for the fifth consecutive month…
President extends term of Central Bank of Egypt Governor for another year
President Abdel Fattah Al-Sisi has extended the term of Hassan Abdalla as…
Banque du Caire introduces exclusive ‘Tharwa ELECT’ tier for high-net-worth clients
As part of a comprehensive strategy and ambitious plan to expand its…
Suez Canal Bank achieves remarkable 188% profit growth, reaching EGP 1.8bn in June 2024
Akef El-Maghraby, CEO and Managing Director of Suez Canal Bank, announced impressive…
HDB achieves record net profit of EGP 5.158bn in mid-2024
The Housing and Development Bank (HDB) has reported outstanding financial performance for…
CBE directs banks to facilitate account opening for non-resident foreigners
The Central Bank of Egypt (CBE) has instructed banks to facilitate the…