May 25, 2023

UK’s Standard Chartered to open Egypt’s branch in 2024

Arab Finance: Standard Chartered Bank is seeking to open its branch in Egypt next year to continue backing the government against the current economic......

May 24, 2023

Central Bank of Egypt Receives “ISO” 22301:2019 certification in business continuity management

The Central Bank of Egypt (CBE) has successfully received the ISO 22301:2019 certification in Business Continuity Management (BCM) from MSECB, a......

May 22, 2023

CBE assesses impact of previous interest rate hikes, reserve requirement ratio rise on inflation

The Central Bank of Egypt (CBE) confirmed that its Monetary Policy Committee (MPC) will continue to assess the impact of the restrictive monetary......

May 18, 2023

CBE to discuss fate of EGP interest rate amid strong expectations of ‘no changes’

The Monetary Policy Committee of the Central Bank of Egypt will hold its third periodic meeting this year on Thursday to discuss the fate of the......

May 18, 2023

CIB hosts second event of “Meet the Expert” Series: Building a Path for Innovation”

Commercial International Bank (CIB), Egypt’s leading private sector bank, hosted an event titled “Building a Path for Innovation”......

May 16, 2023

Al Baraka Bank Egypt gets $30M from ICD to fund green projects

Arab Finance: Al Baraka Bank Egypt (SAUD) has signed a five-year financing agreement worth $30 million with the Islamic Corporation for the Development......

May 12, 2023

CBE unlikely to opt for EGP devaluation in short-term: Citigroup

Arab Finance: Citigroup Inc is ruling out the possibility of the Central Bank of Egypt (CBE) going for a deep devaluation in the Egyptian pound in......

May 11, 2023

EIB, Alexbank offer $15m finance to cut energy bills, increase renewable energy use

The European Investment Bank (EIB) and Alexbank, a bank of Intesa Sanpaolo group,madepublicon Tuesday the new tranche of $15m renewable and efficiency......

May 11, 2023

Does global banking crisis affect performance of sector’s stocks?

The global economy witnessed more strong setbacks due to the Russian-Ukrainian war coinciding with the tightening policy adopted by the US Federal......

May 9, 2023

Egyptian Gulf Bank reports 61% YoY increase in Q1 consolidated profit

Egyptian Gulf Bank (EG Bank) posted a 61% year-on-year (YoY) increase in consolidated net profit after tax for the first quarter (Q1) of 2023, according......