Financial institutions in Egypt
-
Egypt to auction $950 million in one-year dollar T-bills
The bills will replace $997.6 million in maturing dollar treasury bills that carried an average weighted yield of 5.149%.
-
Government to issue EGP 2.175trn in local debt instruments in Q4 of FY25
Egypt to issue EGP 2.175T in local debt in Q4 FY25 to refinance maturing obligations and finance the budget deficit.
-
Reuters poll reveals regional economists’ predictions for Egyptian economic growth
A Reuters poll projects Egypt’s GDP growth at 3.8% for FY24/25, slightly down due to global and regional pressures.
-
State keen to achieve economic growth based on investments, industry localization
Egypt’s strategy focuses on boosting economic growth via investment stimulation and industry localization.
-
FABMISR expands its network with a new branch at Al Ahly Club in New Cairo
FABMISR expands its footprint in New Cairo, strengthening ties with top sports institutions and new market segments.
-
Egypt’s Private Sector Investments Surge by Nearly 80 Percent Amid Economic Reforms
Kouchouk revealed that ten major projects are scheduled to be activated this year.
-
Egypt comes second in Africa with highest GDP in 2025
Egypt ranks second in Africa’s GDP standings for 2025 with $347.34B, following South Africa’s $410.34B.
-
Customer deposits at banks climb to EGP 13.599trn in December 2024
Egypt’s bank deposits hit EGP 13.599 trillion by December 2024, reflecting strong public savings and banking sector stability.
-
What is the highest return on CDs in Egypt?
After a 225 bps rate cut, top CD returns now sit at 25.25% and 24.75% at Egypt’s major banks, impacting investment options.
-
Egypt, China discuss debt-for-development swap scheme
Egypt and China are discussing converting part of Egypt's debt into interest-free loans to finance key development projects.