December 1, 2021

Al-Mashat meets Korea Eximbank delegation to chart roadmap for future cooperation

The Ministry of International Cooperation received a delegation from the Export-Import Bank of Korea (Korea Eximbank) to delve into the prospects......

November 30, 2021

Egyptian businesses predict double-digit revenue growth: HSBC-

Business leaders are expecting double-digit revenue growth next year, offsetting damage from short-term supply chain disruption by pushing into new......

November 30, 2021

Egypt to issue $604m of treasury bonds

CAIRO: The Central Bank of Egypt will issue 9.5 billion Egyptian pounds ($604.3 million) in treasury bonds on Monday to finance the country’s......

November 29, 2021

NBE kicks off B2B e-payment service for corporates

ArabFinance: The National Bank of Egypt (NBE) has launched, for the first time in the Egyptian banking market, its new electronic payment service......

November 29, 2021

Al Ahli for Investment posts higher consolidated profit in 9 months

ArabFinance: Al Ahli for Investment and Development (AFDI) recorded a consolidated net profit after tax attributable to the parent company of EGP......

November 17, 2021

CBE receives 33 bids worth $1.766bn for T-bills tender

The Central Bank of Egypt (CBE) received on Tuesday 33 bids from local and foreign investors, totalling $1.766bn, to cover the latest tender of local......

November 16, 2021

EBRD approves €250m finance for Alexandria Metro project

The European Bank for Reconstruction and Development (EBRD) has approved the provision of a sovereign loan of up to €250m to Egypt to finance......

November 16, 2021

Egypt's central bank issues LE 9B in T-bonds Monday

CAIRO – 15 November 2021: The Central Bank of Egypt (CBE), on behalf of the Ministry of Finance, is set to issue LE 9 billion in treasury bonds......

November 15, 2021

CBE amends instructions on bank governance, board formation

The Central Bank of Egypt (CBE) has issued amendments to some provisions of the bank governance instructions issued on 23 August 2011. The amendments......

November 14, 2021

CBE to issue $1.6bn worth T-bills on Monday

The Central Bank of Egypt (CBE) will launch, on Monday, a tender of treasury bills (T-bills) worth $1.6bn, for a period of 364 days, as it matures......