NBE achieves EGP 43.5bn profit before tax in Q1 2024
The National Bank of Egypt (NBE) reported a significant increase in profits…
CBE assets rise to EGP 6.213tn in October
The Central Bank of Egypt (CBE) has reported an increase in its…
Foreign assets in Egyptian banking sector reach $9.2bn in October 2024: CBE
The Central Bank of Egypt (CBE) has announced that the Egyptian banking…
MSMEDA partners with banks to offer Islamic financing for small enterprises: CEO
Basel Rahmy, CEO of Egypt’s Micro, Small, and Medium Enterprises Development Agency…
AAIB, IFC, EBRD, and BII launch $500m sustainability bond to advance climate finance, support MSMEs
The Arab African International Bank (AAIB) has issued a $500m sustainability bond,…
IFC provides $150m loan to CIB to support MSMEs in Egypt
The International Finance Corporation (IFC) has announced a $150m financing package for…
ADIB Egypt invests EGP 1bn in technological infrastructure, digital transformation
Abu Dhabi Islamic Bank Egypt (ADIB) has announced plans to invest approximately…
Saib Bank achieves net profit of EGP 1.28bn in September 2024, with 118% growth
Saib Bank reported a 118% increase in net profit, reaching EGP 1.28bn,…
Islamic banking in Egyptian market increases to EGP 1.080trn in September 2024
The Egyptian Islamic Finance Association (EIFA) reported that the volume of Islamic…
Inflation to stabilize until late 2024 despite upward risks: CBE
The Central Bank of Egypt (CBE) expects inflation to stabilize at its…