Banks operating in Egypt record EGP 35.88bn net profits in 2015: CBE
Non-performing loans fell to 6.8% of total, 99% of which are covered…
Electronic payments account for no more than 2% of consumer spending in Egypt: Visa general manager for North and West Africa
Visa acquires 61.5% of electronic payment cards market in Egypt and globally,…
Arab African International Bank awarded sponsorship of El Gouna Squash Open amid fierce competition: Hassan
El Gouna Open has become one of eight major international squash tournaments,…
CBE grants banks $118.7m, returns to quota in Tuesday’s auction
Banks were granted this amount at a price of EGP8.78 to the…
Meetings to determine fate of closed companies, restore stability to exchange market
CBE signed a penalty on the violating companies, which are ready to…
Steep decline expected in dollar exchange rate on informal market Tuesday
Importers stopped buying dollars and the dollar’s valye will decline by EGP…
CBE poised to lift interest on pound
The Monetary Policy Committee is holding its third meeting this year on…
UAE to support Egypt’s foreign exchange reserves with $2bn funding: Abu Dhabi crown prince
The CBE announced that the balance of the foreign exchange reserves increased…
High interest rate hinders banks in Egypt from obtaining foreign loans
Foreign institutions require high return interest rates of 5.5%, which is unsuitable…