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......

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......

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......

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......

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.......

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......

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......

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,......

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......

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......