Latest Business News
Only 14 banks among 39 operating in Egypt participated in mortgage-financing initiative launched by CBE to finance low- to middle-income housing
These banks provided EGP 5bn to finance the purchase of 62,000 housing…
United Bank to be first bank to join Egyptian SMEs Association
The bank is to sign a cooperation protocol with the association to…
Export Development Bank to increase small and midsize enterprises portfolio to EGP 5bn in 2019
The mortgage portfolio of the bank amounts to EGP 10m, and we…
NBE to increase retail banking portfolio to EGP 43bn by end of June
We aim to transfer the micro-finance portfolio to the retail sector and…
Annual rate of inflation hikes by 29.6%, monthly by 4.3%: CAPMAS
The annual rate of inflation hiked to 29.6% in January compared to…
Dollar falls to its lowest level in two months, settles below EGP 18
Banks see clients disposing USD, further decline in the pipeline, says chairperson…
Palm Jumeirah, Aqaba marked as hot spots for Q1 in 2017: Colliers International
Colliers International, the Commercial Real Estate Leader, marked Palm Jumeirah in the…
NPA, CIB sign MoU for regulating financial services
The cooperation between major economic entities will increase the volume of financial…
Careem launches UNHCR car to collect funds for refugees
Programme will benefit refugees, asylum seekers, and internally displaced persons in MENA