Egyptian government to depend less on local market in budget deficit finance
Debt instruments worth EGP 587bn offered during Q1 2021/22, compared to EGP…
CIB opens subscription for first green bond issuance in Egyptian market
IFC aims to subscribe to entire value of issuance, estimated at $100m
Egypt records $1.8bn balance of payments surplus in 9M FY 2021
This is compared to $5.1bn deficit last FY in wake of COVID-19…
Foreign investments in Egypt’s T-bills up to EGP 349.9bn in May 2021: CBE
Net foreign assets increased by EGP 150.2bn from July 2020 to April…
Financial positions of banks in Egypt rise by EGP 532bn in Q1 of 2021: CBE
Capital at banks amounts to EGP 177.92bn, reserves register EGP 347.826bn, provisions…
Egypt injects EGP 32.3bn into 1.4 million small, micro projects over 7 years
Egypt’s SMEs Development Agency also provides over 400k services through its 33…
Net profits of banks in Egypt reach EGP 29.99bn in Q1 2021: CBE
Top 10 banks account for 87.84% of total profits recorded during Q1
Central Bank of Egypt extends precautionary measures against COVID-19 to 2021 end
This will see the precautions in place until 31 December 2021, rather…
Egypt’s annual unemployment remains unchanged at 7.9% in 2020
Country’s workforce was estimated at 28.458 million people in 2020
Egypt’s Economic Ministerial Committee discusses measures to advance industry
New incentives will be offered for industries with high, local technological components