How annual inflation falls for fourth consecutive month in January 2024, CBE reveals
The Central Bank of Egypt (CBE) said that annual headline urban inflation…
CIB achieves record-breaking results in 2023 despite market challenges
Commercial International Bank (CIB) posted a consolidated net income of EGP 7.23bn…
CBE sets new rules for using credit cards abroad
The Central Bank of Egypt (CBE) issued new rules for customers who…
Bank interest rates change slightly after CBE’s 2% basic rate hike
Several banks increase interest rates on savings accounts
GAFI, HSBC Egypt sign pact on attracting foreign direct investments
Strength of the government’s ambition demonstrated by its goal of doubling the…
MSMEDA invests EGP 1bn in Luxor to support small businesses, community development: Rahmi
The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has invested EGP…
CBE gets 28 bids worth $1.196bn for local USD-denominated T-bill auction
The Central Bank of Egypt (CBE) received 28 bids from local and…
Al Baraka Bank joins NilePreneurs Initiative by opening business development services centre in Sharqia
It is the first Islamic bank to join CBE's initiative
NBE, Banque Misr raise EGP 565bn from high-interest certificates in one month
The National Bank of Egypt (NBE) and Banque Misr have raised EGP…
Local liquidity in Egyptian banking sector grows by EGP 1.5trn in 2023
The Egyptian banking sector saw an increase of EGP 1.475trn in domestic…