The funds are earmarked for settling past debts and addressing the national budget shortfall.
17.04.2024
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News by
Zawya
The South African bank’s presence in Egypt will allow it “to capitalize on the significant emergence of the Gulf-sub Sahara Africa-Egypt corridor.
17.04.2024
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News by
Enterprise
Al-Mashat also discussed regional and international challenges and their impact on developing countries and emerging economies.
17.04.2024
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News by
Egypt Today
Revenues grew 82.4% to EGP 10.175 billion in Q1 2024 from EGP 5.580 billion in the same quarter last year.
17.04.2024
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News by
Zawya
The bank has lowered its expectations for Egypt's economic growth during the current year to 2.8 percent from its previous estimates of 3.5 percent.
16.04.2024
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News by
Egypt Today
Previously, the limit for ATM withdrawals was EGP 20,000, and for withdrawals from bank branches was EGP 150,000.
16.04.2024
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News by
Scene now
The Al Ahli Bank of Kuwait – Egypt on Tuesday announced the launch of a three-year certificate of deposit with an interest rate of 85 percent.
14.04.2024
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News by
Egypt Independent
This move aligns seamlessly with Banque Du Caire’s persistent endeavors to promote sustainable financial solutions.
11.04.2024
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News by
solar quarter
The Central Bank of Egypt (CBE) has announced that banks operating in Egypt will be closed from Tuesday 9 April to Sunday 14 April to celebrate Eid.
07.04.2024
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News by
Ahram Online
Egypt will have immediate access to $820 million this week and another $820 million after a review to be completed by the end of June.
02.04.2024
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News by
Reuters
These new investments will be in the sectors of financial technology, real estate development, chemical industries, and engineering industries.
28.03.2024
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News by
Egypt Independent
According to a recent report, CBE noted a decrease in the ratio of non-performing loans to 3% at the close of 2023.
25.03.2024
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News by
Daily News Egypt
This has resulted in the prompt release of goods, particularly food commodities, medicines, feed, and production necessities.
25.03.2024
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News by
Egypt Today
Commercial International Bank (CIB) has raised the yields on its new EGP-denominated fixed-rate certificates of deposits (CDs) by two percent.
25.03.2024
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News by
Ahram Online
The exchange rates of foreign and Arab currencies declined against the Egyptian pound at the end of trading on Tuesday in Egyptian banks.
20.03.2024
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News by
See news
The bank announced that this support includes $3 billion for financial backing to Government’s programs and $3 billion for the private sector.
19.03.2024
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News by
SIS
Credit rating agency Moody’s announced on Tuesday that it has changed the ratings and estimates of five internationally ranked Egyptian banks.
14.03.2024
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News by
Egypt Independent
Al-Ahly Exchange Company accounts for the largest proportion of the proceeds, with a value of EGP 577 million since the decisions of the Central Bank.
13.03.2024
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News by
Egypt Today
The amount will include the first and second review tranches, which were postponed earlier.
13.03.2024
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News by
See news
Banks operating in the Egyptian market have begun raising credit card withdrawal limits following orders from the Central Bank of Egypt.
11.03.2024
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News by
Egypt Independent
