Egypt
Egypt: LE40B disbursed to 1.6M MSMEs in Egypt since 2014
Minister of Trade and Industry Nevine Gamea stated Sunday that since 2014 a total of LE40 billion have been disbursed to 1.6 million ...
Egypt
Egypt: Egypt’s central bank keeps interest rates on hold during June
The Monetary Policy Committee (MPC) decided, Thursday to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the ...
Egypt
Egypt: Qatar sign MoU on financial policy coordination
Egyptian Minister of Finance Mohamed Maait and his Qatari counterpart Ali bin Ahmed Al Kuwari have signed a memorandum of understanding (MoU) on ...
Egypt
Egypt: Total deposits of 5 largest banks in Egypt hit LE4.8T by end of March 2022
The five largest banks in Egypt accounted for 69.2 percent of the total deposits of the banking sector by the end of March ...
Egypt
Egypt: Banque du Caire raises its investment in Afreximbank by $82M
Banque du Caire announced an increase in its investment in the African Export-Import Bank “Afreximbank” by $82 million, bringing its total investment in ...
Egypt
Egypt: Saudi Al Hokair acquires 5% of ValU’s shares
EFG Hermes’ subsidiary, ValU Company announced that Fawaz Abdulaziz Al Hokair, Salman Abdulaziz Al Hokair and Abdul Majeed Abdulaziz Al Hokair (Al Hokair ...
Egypt
Egypt: Egypt able to overcome all challenges thanks to economic reform program: CBE Governor
16 June 2022: The Egyptian state is able to overcome challenges thanks to economic reform programmes, according to Governor of the Central Bank ...
Egypt
Egypt: First Abu Dhabi announces completion of legal merger of assets of Bank Audi – Egypt
First Abu Dhabi Bank announced Sunday the completion of the legal merger of the assets of Bank Audi Egypt and the change of ...
Egypt
Egypt: Egypt’s annual core inflation records 13.3% in May: CBE
The annual core inflation rate recorded 13.3 percent in May 2022, compared to 11.9 percent in April 2022, the Central Bank of Egypt ...
Egypt
Egypt: Egypt Pays $24 Bln on Debt, Foreign Investors Exit
Egypt paid $24 billion in the first five months of 2022 to service foreign debts and to cover foreign investors withdrawing funds from ...
