List of Banks in Egypt
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USD/EGP rises 8 piastres to 30.55
The official price of the dollar in the Central Bank of Egypt (CBE) recorded EGP 30.55 to sell and EGP 30.46 to buy.
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African development bank appoints Abdourahmane Diaw as country manager for Egypt
Immediately prior to his appointment, Diaw was Officer in Charge of Egypt Country Office and served as Regional Manager.
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ADIB-Egypt honored with 20 awards in 2022
From leading global and regional institutions recognizing achievements in Islamic banking and digital innovation.
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World Bank launches report on achieving demographic dividend in Egypt
The World Bank Group launched Tuesday a report entitled “Achieving the Demographic Dividend in the Arab Republic of Egypt: Choice, Not Destiny”.
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Egypt's foreign reserves increases to $34.224B in January
Egypt's cash reserves had increased to $34.002 billion at the end of December, compared to $33.53 billion at the end of November.
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3 factors led CBE to fix interest rates: analyst
The Central Bank took advantage of the tools of the monetary policy, and the financial policy to implement and enhance market stability.
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Egypt’s balance of payments hits $523.5M surplus by end of September
The CBE attributed the surplus to the growing revenues of tourism, Suez Canal as well as petroleum and non-petroleum exports.
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HoR ratify document of Egypt's accession to Development Bank of "BRICS" Bloc
The BRICS group comprises the major emerging economies, namely Brazil, Russia, India, China, and South Africa. It is headquartered in Shanghai, China.
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Egypt’s Central Bank to issue dollar-denominated T-bills next week
The step reflects the Central Bank of Egypt’s desire to respond to investors’ expectations that interest rates will take an upward curve.
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Remco appoints financial advisor FinBi to assess its investments
Remco is an Egypt-based company that operates in tourism and entertainment projects development and construction.