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February 3, 2023
Discussed: Benefits of Egypt's joining BRICS's New Development Bank
CAIRO - 2 February 2023: The Parliament approved an agreement that allows Egypt to join BRICS group's New Development Bank, which comes as a......
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February 3, 2023
Egypt's central bank keeps interest rates unchanged during 2023 first meeting
CAIRO - 2 February 2022: The Monetary Policy Committee (MPC) decided, Thursday, to keep the Central Bank of Egypt’s (CBE) interest rates unchanged......
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January 30, 2023
Commercial International Bank acquires Mayfair Bank in Kenya
The Commercial International Bank (CIB), the leading private sector bank in Egypt, has announced the acquisition of Mayfair Bank in Kenya, headquartered......
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January 30, 2023
NBE, Banque Misr to stop issuing 25% CDs tomorrow
Arab Finance: The National Bank of Egypt (NBE) and Banque Misr are set to stop the issuance of the certificates of deposit (CDs) with a 25% annual......
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January 27, 2023
Egypt banks stop issuance of CDs by the end of January
The search rates of citizens who wish to purchase the new Certificates of Deposit (CDs) with a return of 25 percent introduced recently have increased.......
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January 19, 2023
Strong capital buffers will help Egypt banks withstand pound depreciation
Egyptian banks’ regulatory capital ratios can withstand further Egyptian pound depreciation as they are supported by healthy internal capital......
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January 18, 2023
Central Bank of Egypt says food major driver of December 2022’s inflation of 21.3%
Egypt’s Annual headline urban inflation increased to 21.3% in December 2022 from 18.7% in November 2022. The Central Bank of Egypt (CBE) said......
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January 17, 2023
Egypt’s banking sector provides $2B of importers’ requests within 3 days
CAIRO -16 January 2023: The Egyptian banking sector has covered more than $2 billion in requests from Egyptian importers during the past three days,......
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January 17, 2023
Ahli United Bank Egypt issues new 18% saving certificates
Arab Finance: Ahli United Bank – Egypt announced the issuance of new three-year saving certificates, with an annual yield of 18%, according......
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January 16, 2023
B.Tech, Egyptian Clothing Bank join forces to support low-income families in Upper Egypt
Arab Finance: B.Tech is collaborating with Egyptian Clothing Bank to provide thousands of blankets and winter clothing for the most needy families......
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Egypt non-oil activity slides for 26th month as inflation bites


