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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 economy grows amid the pandemic

    Egypt’s economy has been doing well despite the coronavirus pandemic and should continue on the same path.

    01.08.2021 Ahram Online

  • Sisi approves law on FY 2021/22 state budget

    the public expenditures for the FY 2021/22 stood at about $157.0 billion while the state's revenues are estimated at about $88.8 billion.

    04.07.2021 Ahram Online

  • Egypt to launch 3rd stage of exporters support programme

    Finance Minster Mohamed Maait said that the action comes in implementation of President Abdel-Fattah El-Sisi’s decision to back exporting companies.

    01.07.2021 Ahram Online

  • Financial positions of banks rise by EGP 532bn

    Capital at banks amounts to EGP 177.92bn, reserves register EGP 347.826bn, provisions score EGP 165.588bn in Q1 of 2021: CBE.

    26.06.2021 Daily News Egypt

  • 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