3158 Articles
Akef El-Maghraby, Vice Chairperson of Banque Misr and Chairperson of Misr Capital, said that launching the fund comes within the bank and the company’s philosophy of providing innovative investment solutions to individual investors, providing Ways to invest in the Egyptian debt market with an investment amount suitable for many segments of retail banking.
Ministry intends to issue 16 T-bill tenders worth EGP 126bn, 15 bond tenders worth EGP 56.5bn
MSMEDA directs EGP 53m of funding in ‘Decent Life’ initiative
Loans directed to finance developing Saint Catherine and Sphinx airports
Deal to triple Bank ABC’s market share in Egypt, says Hopkins
Hegazy has more than 30 years of experience in banking sector, especially retail activities, SMEs
Banking alliance consists of NBE, CIB, Banque du Caire, and NBK
Social media reports alleged that fraudsters claiming to be Banque Misr employees called bank clients and asked them for personal information
Islamic banking accounts for 5.1% of Egyptian market size
Bank continues to achieve positive growth due to continuous support of development, expansion plans: Chairperson
The Central Bank of Egypt (CBE) has revealed that remittances from Egyptians working abroad increased by about $3.3bn to $28.5bn in the period from July 2020 to May 2021, compared to about $25.2bn in the period from July 2019 to May 2020, with a growth rate of 13 %. CBE added, in a statement on …
Egypt’s annual headline urban inflation increased to 5.4% in July 2021, compared to 4.9% in June 2021, mainly affected by unfavorable base effects. This comes as monthly headline urban inflation recorded 0.9% in July 2021, up from 0.4% in July 2020, which reflected the impact of the outbreak of COVID-19 on consumption patterns, especially food …
CBE accepts 27 offers, worth €622m, with average interest of 1.396
Minister Nevin Gamea urges citizens to benefit from MSMEDA services to finance their new projects
Bank continues expansion plans, emphasises brand, and finalises measures to raise capital: El Sewerky
Long-term debt accounts for $121.5bn (90.2%) of total external debt, while short-term debt reaches $13.3bn (9.8%)
Net foreign assets in Egypt’s banking system up by EGP 125.8bn from July 2020 to May 2021
Acquisition deal valued at $425m
Annual core inflation computed by CBE records 6.4% in July 2021
New plant will secure irrigation water to half a million feddan of reclaimed land in Egypt’s Western Desert
Inflation in Egypt is expected to reach 5.3% during 2021
Banks to be allowed to close accounts in case of year-long inactivity since balance fell to zero
Initial indicators show continued improvement in most economic sectors: Monetary Policy Committee
Inflation trends in coming months will see increase but within CBE’s new target of 7% (±2%)
Deposits in foreign currency reach equivalent of about EGP 650.870bn in June 2021
Egypt’s Ministry of Finance has revealed its intention to issue Treasury bills (T-bills) and Treasury bonds (T-bonds) worth EGP 222bn in August. The move comes as part of a larger plan that includes offering local debt instruments worth EGP 587bn to bridge the budget deficit, during the first quarter (Q1) of fiscal year (FY) 2021/22. …
Kadri has over 20 years of banking experience, during which she has held several positions. The most recent of these was the Head of Communication and Sustainability at Crédit Agricole – Egypt. She is also a member of the Board of Trustees of Crédit Agricole Egypt Foundation for Development.
Company plans to expand network to 100 branches by 2021 end
This is considered a record period compared to the challenges facing the installation and operation of ATMs, especially in villages.
Rules aim to make best use of infrastructure of service providers, encourage electronic financial transactions, says Ramy Aboul Naga
