Annual urban inflation in Egypt hits three-year high in May driven by price hikes of water supply, subsidised vegetable oils, rice
Inflation continues to be affected by depreciation of exchange rate, repercussions of…
FAB rebrands itself as ‘FABMISR’ following legal merger with Bank Audi Egypt
System integration under the new identity is expected to conclude in 4Q…
saib achieves 46% growth in net profit at $7.68m in 1Q 2022
Bank expands its branch network to 36 branches, aims to add five…
Misr Insurance wins bid to insure properties, finances of Nasser Social Bank for SME owners
The move is part of the bank’s efforts to diversify its financial…
Legal merger between FAB and Audi – Egypt concludes
From now on, the two banks will be treated as one legal…
CBE receives 23 offers worth $565.1m to cover dollar-denominated T-bill issuance
Proceeds of issuance to pay off previous bid that was put forward…
HSBC pledges EGP 1bn in loans for tech entrepreneurs
New pledge is HSBC’s third high growth SME lending proposition in 6…
Egypt’s net international reserves cover five-month commodity imports: CBE
Net international reserves reaches $35.495bn in May 2022
Finance Ministry plans to issue 28 T-bill, bond bids worth EGP 196bn in June
16 T-bill bids worth EGP 171bn and 12 bond bids worth EGP…
Egypt’s external debt registers $145.5bn in December 2021
Long-term debt accounts for 91.2% ($132.7bn) of total external debt