US dollar surges EGP 0.53 at Sunday close
The official exchange rate of the US dollar at the Central Bank…
Net foreign assets in Egypt’s banking sector rise by $1.5bn in February 2025
The Central Bank of Egypt (CBE) announced that net foreign assets within…
FRA approves four banks to trade government securities, financial instruments on secondary market
The Registration and Licensing Committee of the Financial Regulatory Authority (FRA), established…
Financial position of banks operating in Egypt reaches EGP 20.799trn in 2024
The Central Bank of Egypt (CBE) announced that the total financial position…
CBE launches annual Women’s Financial Inclusion Event
As part of its commitment to enhancing women's access to formal financial…
Egyptian Parliament approves EBRD expansion into Sub-Saharan Africa and Iraq
The Egyptian House of Representatives has approved an amendment to the European…
WE, CIB forge strategic partnership to deliver cutting-edge digital financial services
Egyptian telecommunications and IT services provider WE has entered into a strategic…
Annual urban inflation drops sharply to 12.8% in February 2025: CBE
Egypt’s annual urban headline inflation fell significantly to 12.8% in February 2025,…
CIB, Nile University celebrate first graduating cohort from Sustainable Finance Programme for SMEs
The Commercial International Bank (CIB) and Nile University recently celebrated the graduation…
Suez Canal Bank approves bonus shares worth EGP 3.5bn
The Ordinary General Assembly of Suez Canal Bank has approved the profit…