CBE decisions strike blow to black market, say banking experts
Experts praise move as crucial, positive step to eliminate speculation
NBE, Banque Misr launch new savings certificates with up to 30% return
Yield of some certificates, loan products increases automatically after CBE decides to hike interest rates by 6%
Opinion| The risks associated with a militarized Red Sea
The recent “tanker war” in the Red Sea echoes a similar conflict from the mid-1980s, during the Iran-Iraq War (1980-1988). In that era, President Saddam Hussein’s air forces targeted Iranian…
Egypt, IMF agree on $8bn expanded loan package
The International Monetary Fund (IMF) announced Wednesday an expansion of its loan program with Egypt, increasing the total amount from $3bnto $8bn. This move comes alongside the Central Bank of…
Beacon FinTrain collaborates with GB Corp to bolster financial education, training for professionals
In a landmark move to elevate financial and professional education in the Middle East and Africa, Beacon FinTrain has forged a strategic alliance with GB Corp, aiming to augment professional…
CBE advances economic empowerment of women
‘Women Financial Inclusion’ event set to commence on 8 March for three weeks, coinciding with International Women’s Day
Egypt’s International Cooperation Minister, Algeria’s CGEA President discuss collaboration
Egypt's Minister of International Cooperation Rania Al-Mashat, met with Saida Neghza, President of the General Confederation of Algerian Enterprises (CGEA), to explore opportunities for joint cooperation.* This meeting aligns with…
Egypt’s Trade Minister, WTO Director-General discuss commerce challenges, potential solutions
Egyptian Trade and Industry Minister Ahmed Samir concluded his visit in Riyadh by meeting with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala. They discussed pressing global trade challenges and potential…
Roya Developments targets EGP 60bn in sales with The Big Business District launch
Roya Developments has unveiled The Big Business District, its newest venture in New Cairo’s 5th Settlement. This mixed-use development is kicking off with Cluster 1, featuring a mix of commercial,…
Contact Financial Holding triumphs amidst economic challenges with notable year-end growth
Contact Financial Holding, Egypt’s premier non-bank financial services provider, announced Tuesday its consolidated financial results for the quarter and year ending 31 December 2023. The Group showcased robust year-on-year growth,…