NBE acquires 24% share in Hyde Park Developments
Licensed capital estimated at EGP 10bn, land portfolio exceeds 6 million square…
CBE introduces new controls for updating customer data in banks
Banks must obtain CBE approval for electronic client data updates and have…
CBE approves capital increase for Banque du Caire
The Central Bank of Egypt (CBE) has granted approval for Banque du…
Three Egyptian exchange companies garner EGP 6.479bn post local currency liberalisation
Since the liberalization of the exchange rate on 6 March up to…
MSMEDA launches ‘Aziza’ initiative to empower women entrepreneurs in Egyptian governorates
Focusing on industrial, productive, and agricultural projects with local and international competitive…
CBE unveils key banking soundness metrics for 2023
Banks’ net profits hit EGP 283.388bn, with top 10 banks comprising 74.92%…
Why Egypt’s inflation continues to rise in February 2024
Egypt’s annual headline urban inflation rose to 35.7% in February 2024, up…
EGP 283.3bn net profits for banks in Egyptian market in 2023: CBE
Total financial position of banks records EGP 15.165trn
Foreign currency inflows rise in banks, exchange offices following EGP liberalisation
Average dollar value decreases by EGP 1.7 from its peak after flotation,…