Pound appreciated 84 piasters since beginning of 2019: CBE
US currency is approaching EGP 17 against pound, as foreign exchange flows increase in Egypt
Hossam Mounir
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Latest by Hossam Mounir
Attijariwafa Bank launches Africa Development Club in Egypt
Egypt is first destination for foreign investment in Africa, says El Kettani
NBE aims to attract more UAE investors to Egyptian market
Bank successfully concluded several transactions with numerous UAE investors for investments in financial markets, debt instruments issued by Egyptian government: Tantawy
Chance exists to reduce interest by 1% in May after inflation ease in April: Beltone
Egypt continues to provide attractive investment opportunity supported by raised credit rating, pound appreciation
National Bank of Greece-Egypt leaves market after 100 years
Assets sold to Bank Audi worth €110m including loans, deposits, securities,17 branches with 250 employees
IDB’s net profits reach EGP 136m in M4 of 2019
Bank allocates EGP 500m to develop its technological infrastructure for modern banking services
CBE governor, communications minister discuss expanding banking services in villages
Amer witnesses signing cooperation protocol to train workers of banking sector in fields of information security, data analysis, financial technology, AI
Egypt’s external debt rises to $96.6bn by end of December: CBE
Egypt’s external debt rose to $96.6bn by the end of December 2018, compared to $82.88bn by the end of December 2017, an increase of $13.7bn, according to Central Bank of Egypt (CBE) on Wednesday. The CBE added that long-term external debt recorded $86.3bn by the end of December 2018, an increase of $1.4bn from December …
Twenty-nine foreign, domestic investors offer to invest $1.25bn in Egyptian T-Bills
CBE accepts 23 offers worth $1bn with 3.85-3.9% interest
CIB profits reach EGP 2.64bn in Q1 of 2019
Total bank assets increase to EGP 351.68bn until end-March
IDB allocates EGP 500m to develop bank’s technological infrastructure
We aim to increase the branches to 50 by 2023 up from 18 currently, says Fahmy
Egyptian banking sector ranks 4th in terms of assets in Arab region: UAB
NBE ranked eighth among largest Arab banks with assets worth $75.6bn
Foreign currency deposits up $1.3bn in 1Q 2019 to $42.81bn
Local currency deposits up by EGP 88.1bn to EGP 2.531tn at end of March 2019
Tuesday was last day to repay first tranche of AIBank capital increase
First tranche estimated at EGP 500m, second at EGP 300m, repaid before March 2020
US investment fund to buy United Bank of Egypt in 3 months, CBE to maintain stake: Amer
The United Bank of Egypt will be sold to a major US investment fund within three months, the Central Bank of Egypt’s (CBE) Governor Tarek Amer revealed on Monday. Amer told Daily News Egypt that the CBE will retain a stake in the bank, without revealing the size of this stake. The CBE owns 99.9% …
EGP 1.852tn balance of local T-Bills, T-Bonds by end-March
EGP 1.158tn balance of T-Bills, EGP 694.4166bn T-Bonds, international bonds by $23.21bn and $4bn: Finance Ministry
CIB-Egypt establishes representative office in Ethiopia
We are happy about regional presence of bank: Ezz El Arab
President instructs enhancement of MSMEDA activities
Gamea reviews agency’s most prominent future trends to collect more funding, draft new law for development of SMEs, microenterprises
US dollar at lowest level since March 2017
US dollar loses 2 more piasters on Sunday to take losses to 75 piasters since mid-January 2019
NBE extends work hours to 6:00pm in 64 branches to receive tax dues
All bank branches will provide e-tax collection services during official working hours
Is Egypt ready for Electronic Payments Law as it comes into force?
All bodies subject to this law shall comply with its provisions within six months from imposing its regulations
FRA aims to increase micro funding beneficiaries to 4 million with EGP 15bn funding in 2022
Conference of HC Securities demands cooperation with banks to facilitate real estate funding
US dollar loses 5 piasters against Egyptian pound on Wednesday
The US dollar lost about five piasters from its value against the Egyptian pound on Wednesday, averaging EGP 17.21 for buying and EGP 17.31 for selling, down from EGP 17.26 for buying and EGP 17.36 for selling on Tuesday. The official US dollar price in the Central Bank of Egypt lost between 3-4 piasters, reaching …
MSMEDA injects EGP 2.5bn funding for development projects in Beni Suef
Total of 203,000 small, micro projects with EGP 2.2bn funding, providing 291,000 jobs
CBE extends its initiative to support defaulters at ABE until June
Troubled debts up to EGP 4bn to be settled over nine months, including EGP 929m for 11,404 clients in CBE, says El Kosayer
Attijariwafa Bank Egypt implements $1.7bn worth trade operations in 2018
‘We aim to increase these operations by 50% this year in line with state’s trend to increase exports,’ says Sherif
Capital flows will be linked to three factors: CBE
January 2019 saw return of capital to EM since exodus in February 2018
Credit Agricole Egypt prepares to comply with new banking law, increase capital to EGP 5bn: Managing Director
The parent group supports bank’s unity in Egypt due to importance of Egyptian market, says Venas
Basic interest rates, future outlook of inflation consistent with our goals: CBE
Egypt’s real GDP growth softened to 5.3% Q3 2018, unemployment rate inched up to 10.0%
Ahli United Bank’s share of Egyptian market is 3%: El Messeery
Total business size of bank reached $51bn