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News > Finance

Financial institutions in Egypt

The finance industry includes numerous sectors. Banking provides services ranging from account management to investments. Private Equity and Venture Capital invest in established companies and startups, respectively. Financial Services offer planning and advice, while Real Estate Finance covers services related to property, such as mortgages. Fintech utilizes technology to offer financial services.

  • Egypt Takes on Sukuk

    Egypt is getting ready to offer its first sovereign bonds (Sukuk), almost the first of its kind for the country, following parliament’s approval.

    11.06.2021 Alsharq alawsat

  • Egypt, UAE central banks ink MoU

    According to the MoU, the two central banks will cooperate in fields of licenses & the ownership structures of the licensed financial institutions.

    11.06.2021 Ahram Online

  • Egypt's economy grows 2.9% in Q3-20/21

    The country is projected to achieve 5.2-5.5% economic growth in Q4 of FY20/21, the minister noted.

    06.06.2021 Zawya

  • Some banks report good results in Q1

    The net profit at Al Baraka Bank – Egypt increased by 2% in Q1 of 2021 compared to Q1 of 2020, and by 108% compared to Q4 of 2020, recording EGP 269m.

    23.05.2021 Daily News Egypt

  • Telda announces $5M pre-seed

    A newly launched digital bank, Telda, is announcing a $5 million pre-seed round to digitize how Egyptians save, send and spend money.

    23.05.2021 Tech Crunch

  • Egypt, AfDB ink €145 mln for railway

    Under the agreement, Egypt’s Railway Authority's main lines will be extended with 953 km controlled by the European Train Control System (ETCS-L1).

    23.05.2021 Ahram Online

  • Egypt’s central bank obligations reach 2.1tln

    Despite the Central Bank of Egypt's total assets growing by the end of April, gold and cash assets dropped compared to December's data.

    18.05.2021 Ahram Online

  • Egypt’s FY2021/22 draft budget key highlights, targets

    Egypt's FY2021/22 comes amid expectations that Egypt will approach its pre-pandemic growth levels, following a notable slowdown in its real GDP growth

    09.05.2021 Ahram Online

  • Egypt’s economy set for a rebound in 2022

    Egypt’s main sources of foreign exchange will remain under pressure as tourism and Suez Canal receipts still struggle amid the pandemic.

    09.05.2021 Arab News

  • 89% of Decent Life initiative's budget to Upper Egypt

    89% of the budget disbursed within the first phase of Decent Life initiative was directed to Upper Egypt so as 334 out of 375 villages get 8.5EGP bln.

    03.05.2021 Egypt Today