Bank News

Head of Egypt’s Banks Federation Mohamed El-Etreby urged caution amid an influx of hard currency into Egypt.
11.03.2024 | News by Ahram Online

Egypt secured an additional $5 billion in IMF loans on Wednesday, the two sides said, after the central bank hiked interest rates.
07.03.2024 | News by France 24

The state has recently raised interest rates by 6 percent to contain inflation and support citizens.
07.03.2024 | News by Ahram Online

Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency.
07.03.2024 | News by cnbc

The National Bank of Egypt (NBE) decided to offer a three-year certificate with a decreasing interest, at an annual price of 30% for the first year.
07.03.2024 | News by See news

On Wednesday morning, the Central Bank of Egypt raised interest rates by 600 basis points, equivalent to 6%, to reach levels of 27.25%.
07.03.2024 | News by See news

The average price of the dollar in the banking market reached EGP 49.4743 for buying and EGP 49.5743 for selling, according to the CBE
07.03.2024 | News by Daily News Egypt

Egypt's broader efforts to increase the proportion of renewable energy in its total energy generation to approximately 42 percent by 2030.
04.03.2024 | News by Egypt Today

The offer was originally submitted on 14 December 2023, according to a bourse filing.
04.03.2024 | News by Zawya

Representatives of the EBRD Board of Directors will visit Egypt from 25 February to 1 March 2024.
28.02.2024 | News by EBRD

The bank also announced the offering of an eight-year certificate with a variable return of 21 percent annually.
28.02.2024 | News by Egypt Independent

ICD has provided $315 million in financing to Egypt, supporting private sector companies, financing lines to banks, and direct investments.
20.02.2024 | News by Banque Misr

According to the reports, the National Bank of Egypt (NBE) attracted EGP 450 billion and Banque Misr collected EGP 227 billion.
18.02.2024 | News by Ahram Online

Due to Egypt's foreign currency challenges and the need for stricter financial oversight, CBE implemented new rules for using credit cards abroad.
Papers by Egypt Business Directory

Customers who fail to provide documented evidence of credit card use during their stay abroad within a max of 90 days will be subject to measures.
13.02.2024 | News by Ahram Online

This announcement was made during a meeting between Egypt's Prime Minister, Mostafa Madbouly, and the President of the World Bank, Ajay Banga.
13.02.2024 | News by Egypt Today

Georgieva noted that the fund seeks “To give a dose of confidence to the Egyptian economy by enhancing the size of the support program.”
13.02.2024 | News by Egypt Independent

JP Morgan expects that any currency adjustment will be accompanied by an increase in deposit interest rates by an additional 2 percent.
12.02.2024 | News by Egypt Today

EBC manages and develops various domestic payment ecosystems in Egypt, including the Instant Payments Network (IPN) and the InstaPay application.
12.02.2024 | News by Ahram Online

Egypt's banking sector remains dynamic amidst evolving economic landscapes, demonstrating resilience and agility in the face of challenges.
Survey by Egypt Business Directory