HDB conducts cyberattack simulation in collaboration with Google Mandiant
The Housing and Development Bank (HDB) has conducted a tabletop exercise simulating a cyberattack, in collaboration with Google Mandiant, a global leader in cybersecurity and incident response. The exercise aimed…
Suez Canal Bank signs EGP 30m credit facility with Oliv
Suez Canal Bank and Oliv have announced the signing of a credit facility agreement worth EGP 30m to finance small and medium-sized enterprises (SMEs). Oliv is the first Egyptian company…
NBE inaugurates first branch in Saudi Arabia
The National Bank of Egypt (NBE) has announced the inauguration of its first branch in Saudi Arabia, following the Saudi Central Bank’s approval for the bank to commence operations through…
Credit facilities for top 100 borrowers reach EGP 1.4trn in March 2025: CBE
The Central Bank of Egypt (CBE) reported that outstanding credit facilities extended to the top 100 corporate borrowers across the public and private sectors reached EGP 1.4trn in March 2025,…
CBE’s net foreign assets exceed $11bn in September 2025
The Central Bank of Egypt (CBE) announced that its net foreign assets (NFAs) rose to $11.048bn — equivalent to EGP 529.6bn — in September 2025, up from $10.629bn (EGP 517.3bn)…
Banks, companies inject EGP 92.3bn under mortgage finance initiative for low, middle-income citizens in September 2025
The Social Housing and Mortgage Finance Fund (SHMFF) announced that banks and mortgage finance companies participating in the state-backed initiative for low- and middle-income citizens had extended a total of…
Pakistan launches ‘precision strikes’ on Afghan border militants after suicide attack
Pakistan said on Saturday it had conducted "preemptive precision strikes" against militant camps along its border with Afghanistan, killing dozens of fighters, after a suicide attack killed seven of its…
Trump urges Ukraine conflict freeze, dashes Zelenskyy’s hopes for advanced arms
US President Donald Trump has proposed that Russia and Ukraine freeze their conflict along the current frontline, warning that a failure to do so could mean the war "may never…
CIB’s Hisham Ezz Al-Arab wins Global Finance lifetime achievement award
Global Finance magazine has recognised Hisham Ezz Al-Arab, Chief Executive Officer and a board member of Egypt’sCommercial International Bank (CIB), with its Lifetime Achievement Award, the publication's highest individual honour.…
Egypt’s Al-Mashat discusses MIGA portfolio, second EU assistance tranche with officials
Egyptian Planning and International Cooperation Minister Rania Al-Mashat has held meetings with officials from the World Bank's investment guarantee agency and the European Commission to discuss expanding private sector guarantees…