NBE arranges syndicated loan for $2.9bn oil refinery project in Upper Egypt
The National Bank of Egypt (NBE) announced on Wednesday that it has…
Egypt has third best banking system in Arab world in terms of assets, deposits, and loans: UAB
130% growth in Egyptian banking assets between August 2017 and August 2022,…
Finance Ministry accepts less T-bill purchasing offers to avoid raising interest
Ministry accepts only EGP 48m worth of bids for 273-day T-bills
Outstanding balance of local T-bills, bonds reaches EGP 4.3trn in November 2022: Finance Ministry
Finance Ministry also offers Japanese-yen-denominated bonds worth of $500m in March 2022
CBE spots illegal foreign exchange trading schemes
$55m was withdrawn from Egyptian credit and debit cards abroad in one…
CBE extends two tourism support initiatives to March 2023
Initiative allows postponement of debt payment
CBE offers one-year incentives to support e-payments
Under new incentives, Egyptian pound-backed transactions made online will be exempted from…
Al Baraka Bank offers EGP 90m to Solidarity Microfinance to support microenterprises by women
Bank is keen on developing role of women economically and socially: Chairperson…
CBE warns of misuse of bank cards, fraud to obtain foreign exchange without need for it
We monitored the use of some credit, debit cards in operations abroad,…
Banks to discuss fate of interest rate on savings, loan products on Sunday
The market awaits the first reaction to return-on-debt instruments