Bank News

Latest partnership aligned with Egypt’s ambitious strategy to encourage electronic payments ecosystem in country.
17.10.2021 | News by Daily News Egypt

In an official ceremony, UltraTeb was launched as the first electronic platform for providing medical supplies, with innovative bank financing.
15.10.2021 | News by Daily News Egypt

The World Bank do vaccination programs in many of the countries, and we've worked with and encouraged Egypt in contracting, said the WBG’s President.
15.10.2021 | News by Ahram Online

The International Monetary Fund (IMF) projected Egypt’s government gross debt to hit 91.4 percent of its GDP in 2021, up from the 89.8% in 2020.
14.10.2021 | News by Ahram Online

E-finance, founded in 2005, is the sole entity authorized to operate the government's financial network, including processing and settling payment.
10.10.2021 | News by Reuters

The World Bank (WB) has raised its forecasts for Egypt’s real GDP growth for 2021 to 5.5 percent, up from 4.5 percent predicted in June.
10.10.2021 | News by Ahram Online

The National Bank of Egypt, Banque Misr and Banque du Caire aim to launch a trust to support fintech start-ups with an overall EGP100bln capital.
28.09.2021 | News by Ahram Online

A member of a number of private and public executive and board directorship roles in the region, Nasser brings a wealth of experience.
27.09.2021 | News by Daily News Egypt

The general government remains the main obligor of all debts, accounting for around 59.7 percent of Egypt’s external debt, as it rose by $11.1 billion
01.09.2021 | News by Ahram Online

The business volume of Faisal Islamic Bank of Egypt (FAIT) reached EGP 125.835 billion by the end of June 2021.
18.08.2021 | News by Zawya

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 | News by Daily News Egypt

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 | News by Alsharq alawsat

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 | News by Ahram Online

The country is projected to achieve 5.2-5.5% economic growth in Q4 of FY20/21, the minister noted.
06.06.2021 | News by Zawya

The IMF had also loaned Egypt a $2.8 billion emergency loan in 2020 to face the consequences of the pandemic.
Papers by Egypt Business Directory

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 | News by Daily News Egypt

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 | News by Tech Crunch

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 | News by Ahram Online

Despite the Central Bank of Egypt's total assets growing by the end of April, gold and cash assets dropped compared to December's data.
18.05.2021 | News by Ahram Online

Egypt's FY2021/22 comes amid expectations that Egypt will approach its pre-pandemic growth levels, following a notable slowdown in its real GDP growth
09.05.2021 | News by Ahram Online