Egypt records 1 billion e-transactions worth EGP 2.8trn during FY 2020/21: CBE
CBE allocates EGP 8bn to encourage electronic transactions: Ehab Nasr
Hossam Mounir
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Latest by Hossam Mounir
CBE launches 23 initiatives to support Egyptian economy during COVID-19 crisis: FEB chief
Six banks offer VACSERA EGP 170m to produce COVID-19 vaccine: El-Etreby
Egyptian banking sector’s net foreign assets exceed $11bn in September 2021: CBE
Non-governmental deposits in local currency record EGP 4.239trn in September 2021
Egypt-UK trade exchange records $1.2bn in H1 2021: CAPMAS
Data from the Central Agency for Public Mobilization and Statistics (CAPMAS) reveals that Egyptian exports to the UK increased by 52.2% to $591.1m in H1 2021, compared to $388.5m in H1 2020.
Egypt’s Finance Ministry to issue EGP 242.75bn of T-bills, T-bonds in November
20 planned T-bills auctions worth EGP 179.5bn, 19 T-bonds auctions worth EGP 63.25bn
3 factors determine how NGOs can obtain foreign funding: Talaat Abdel Kawy
Egypt has about 52,000 NGOs, only between 5 -10% receive foreign funding, says President of the General Federation of NGOs
Trade between Egypt, G20 records $36bn in 1H2021: CAPMAS
Data from the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that Egyptian exports to the G20 countries increased by 39.2% to $9bn in 1H 2021, up from $6.5bn in the same period in 2020.
Egyptian exports to Romania increase by 51.1% in H1 2021: CAPMAS
In a Wednesday report, CAPMAS said that Egyptian imports from Romania amounted to $339.5m in H1 2021, compared to $418.3m during the same period in 2020, a decrease of 18.9%.
CBE expected to keep interest rates on hold for eighth time in a row
The MPC periodic meeting comes amid strong market expectations that it will keep Egypt’s interest rates unchanged for the eighth time in a row, despite the rise in the inflation rate in the recent period, and there are expectations of a further rise in the coming period.
Ending state of emergency in Egypt to attract more FDIs, improve credit rating: Banking leaders
On Monday evening, Al-Sisi announced ending the extension of the state of emergency nationwide for the first time in many years.
ABE and Misr Life Insurance cooperate to provide bank insurance services in villages of Decent Life
The agreement aims to contribute to the implementation of the objectives of the Decent Life initiative, by providing all its banking and financial services and ensuring that they reach a wide sector of the rural population.
ADIB Egypt launches digital consumer financing arm
Egyptian Financial Regulatory Authority grants ADI- Consumer Finance operating license
Financial position of banks in Egypt rises to EGP 8trn in end July: CBE
Deposits amount to EGP 5.837trn, credit facilities record EGP 2.855trn
Agricultural Bank of Egypt aims to reach 35 million customers with its services: Farouk
ABE to complete development of 1,000 branches nationwide by late 2022
Central Bank of Egypt reveals reasons behind high inflation in September
This comes as monthly headline urban inflation recorded 1.1% in September compared to 0.3% in September 2020. Consequently. While annual headline urban inflation recorded its highest rate of 6% for the first time since January 2020.
Technological structure in Egypt meets needs of digital banks: Stakeholders
Digital banks provides services with ease: Sherif El Behiry
National Bank of Egypt offers EGP 3.9bn in debt help for 45 defaulting businesses
59 factories re-operate with proper production capacity to compensate losses: NBE Chairperson
Cooperation protocol between Tax Authority, Banks Federation on e-invoice system controls
The protocol was signed by ETA Chairperson Reda Abdel Qader and FEB Chairperson Mohamed El-Etreby.
14.6% decrease in Egypt’s trade deficit during July 2021
Egypt’s trade deficit reaches $2.88bn in July 2021
Credit Agricole Egypt allocates EGP 200m to finance medical sector
In an official ceremony, UltraTeb was launched as the first electronic platform for providing medical supplies, with innovative bank financing provided exclusively through Credit Agricole Egypt.
EFG Hermes meets necessary conditions for Arab Investment Bank acquisition
Bank’s issued, paid-up capitals increase to EGP 5bn
Misr Capital launches first investment fund for CIAF, with initial size of EGP 100m
El-Bawab indicated that the fund allows individual investors to invest with the aim of maximizing returns and providing liquidity through a fund that provides a cumulative daily return
Egypt’s microfinance market amounts to EGP 22.53bn in Q2 of 2021: Financial Regulator
Tasaheel Co. accounts for 21.82% market share, with total financing of EGP 4.578bn
MSMEDA pumps EGP 36bn to finance 1.4 million small, micro projects within 7 years
MSMEDA provides marketing services free of charge to small projects during Turathna Exhibition
HSBC Egypt launches Evolve to facilitate FX trading for corporate clients
HSBC Evolve gives corporate clients ability to perform wide range of trading activities all in one place
CBE amends mortgage finance initiative for middle-income people
Bank extends repayment period to 25 years, increases maximum unit price to EGP 2.5m
Finance Ministry to issue EGP 195.25bn worth T-bills, bonds in October 2021
Issuance includes 16 T-bill offerings worth EGP 144bn, 15 bond offerings worth EGP 51.25bn
CBE oblige banks to improve access for people with disabilities
People with disabilities face infrastructure, information, and customer service barriers at bank branches, ATMs, websites
Bank deposits in local, foreign currencies hike to EGP 4.153trn, $40.925bn, respectively, in August 2021
Liquidity in banking sector increases to EGP 5.489trn in August
Egyptian Banking Institute expands training, capabilities developing of bankers locally, Africa-wide
Total of 24,150 trainees receive EBI’s interactive distance learning in 2020/21