Bank News

The IMF also reduced growth expectations for the year 2025 to 4.7 percent, compared to five percent previously.
01.02.2024 | News by Egypt Independent

The gap between rates is widening, the rate reaching approximately EGP30.85 in banks and up to EGP68 in the parallel market
31.01.2024 | News by economy middle east

The UK-based multinational Standard Chartered Bank has officially commenced its banking operations in Egypt.
31.01.2024 | News by Ahram Online

Egypt's state-owned Banque Misr (BM) has issued a new debit card exclusively for US dollar accounts, named Visa Platinum, enabling account holders.
31.01.2024 | News by Ahram Online

The initiative aims to support small and medium enterprises (SMEs) in sectors transitioning towards a green economy.
31.01.2024 | News by solar quarter

Egypt is poised to issue bonds denominated in the UAE dirham, aiming to tap into Gulf markets for the first time.
30.01.2024 | News by Ahram Online

As of 11 am on January 29, Egypt Today confirmed that the Egyptian pound was trading at 69-73 against the USD in the black market.
30.01.2024 | News by Egypt Today

The Central Bank of Egypt (CBE) is set to issue EGP 130 billion treasury bills (T-bills) on Tuesday with four different maturities between April 2024
29.01.2024 | News by Ahram Online

The Egyptian pound’s forward exchange rate against the US dollar for one-year contracts reached a new peak at EGP 54.26 on Tuesday.
25.01.2024 | News by Ahram Online

Global credit rating agency Moody's has expected the International Monetary Fund (IMF) to increase its existing $3 billion loan programme for Egypt.
23.01.2024 | News by Ahram Online

Saudi Islamic Al-Rajhi Bank, one of the biggest banks in the country, suspended transactions in Egyptian pounds across all of its branches.
23.01.2024 | News by Ahram Online

The IMF visit coincided with a new report by Moody’s, revising its outlook on Egypt from “stable” to "negative."
22.01.2024 | News by new arab

(CIB) has issued new premium certificates of deposits (CDs) that offer a fixed monthly yield of up to 22 percent.
22.01.2024 | News by Ahram Online

CBDCs, a form of digital currency issued by a country’s central bank, differ from cryptocurrencies in that their value is pegged to the country’s fiat
21.01.2024 | News by Innovation Village

Al Baraka Bank Egypt and EG Bank announced new restrictions on foreign currency transactions on Tuesday through their respective websites.
17.01.2024 | News by Egypt Today

Foreign companies can now retain their capital increase deposit in foreign currency, rather than having it converted to Egyptian pound by the bank.
17.01.2024 | News by Ahram Online

Will include green, blue, social, and sustainable bonds to support Egypt’s Vision 2030.
16.01.2024 | News by economy middle east

Egypt's Nasser Social Bank (NSB) has launched new certificates of deposit (CDs) that offer an annual yield of up to 20 percent.
14.01.2024 | News by Ahram Online

Since 2022, Egyptian banks have been grappling with the challenge of preserving foreign currency resources amid a server shortage.
Papers by Egypt Business Directory

Mohamed El Etreby, Chairman of Banque Misr, also reported proceeds reaching LE 70 billion since the launch. 
12.01.2024 | News by Egypt Today