CBE forms work committees to study launching digital currency
The Central Bank of Egypt (CBE) has announced that it has formed…
Finance Ministry to borrow EGP 340bn from local market in September
The Finance Ministry announced its plan to issue 24 treasury bills (T-bills)…
MSMEDA finances 302,000 projects with EGP 8.9bn in 18 months
The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) provided financial and…
Parliament abolishes old laws on 3 banks, subjects them to new banking law
The House of Representatives has passed Law No. 170 of 2023, which…
Egypt’s unemployment inches down to 7% in 2Q 2023: CAPMAS
The Central Agency for Public Mobilization and Statistics (CAPMAS) has announced a…
Islamic finance in Egyptian market exceeds EGP 600bn in 1H 2023: El-Beltagy
Mohamed El-Beltagy, President of the Egyptian Islamic Finance Association, has said that…
CBE refutes reports of United Bank transaction
The Central Bank of Egypt (CBE) affirmed that the information circulating regarding…
saib Bank reports 78% growth in profits to EGP 1.07bn in 1H 2023
saib Bank, led by Tarek El-Khouly, Chairperson and Managing Director of the…
FRA announces non-banking financial sector indicators in 1H 2023
Microfinance activity increases to EGP 42.2bn in Egypt
Suez Canal Bank increases its issued, paid-up capital to EGP 5bn: Refaie
Bank increases its capital by EGP 3bn over 5 years, with a…