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
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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
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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
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News by
Ahram Online
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
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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
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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
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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
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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
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News by
Ahram Online
Egypt’s main sources of foreign exchange will remain under pressure as tourism and Suez Canal receipts still struggle amid the pandemic.
09.05.2021
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News by
Arab News
The NBK was founded in 1952 as the first indigenous bank and the first joint-stock company in Kuwait and the Gulf Region; it is considered the largest
20.04.2021
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News by
Ahram Online
The budget aims to support investments, especially in projects that offers support to rural areas and cater to the development of Upper Egypt.
Papers by
Egypt-Business.com
The IMF said that Egyptian authorities have managed well the COVID-19 crisis and related disruption to economic activity.
20.12.2020
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News by
Ahram Online
The event held at a critical time for the global economy, with countries around the world ending 2020 with increasing COVID-19 cases.
24.11.2020
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News by
MENA FN
Egypt’s central bank cut its main interest rates by 50 basis points to support an economy badly hit by the coronavirus pandemic.
15.11.2020
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News by
GDN online
The move is part of the finance ministry’s plan to diversify its base of investors who want to invest in governmental financial securities.
08.11.2020
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News by
Ahram Online
The bank’s Monetary Policy Committee (MPC) reduced the lending rate to 9.75 percent and the deposit rate to 8.75 percent.
27.09.2020
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News by
Egypt Independent
