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Egypt’s stock exchange’s (EGX) indexes closed lower on Monday, with the benchmark EGX 30 index slumping 0.85 percent to 11,459 points, due to foreign investors’ selloff.
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MIDBank, formerly known as Misr Iran Development Bank, reported a 165% year-on-year (YoY) surge in its net profits, logging EGP 303 million in 2020, compared to EGP 114 million in 2019, the bank’s…
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Egypt is planning to launch a new export support programme by the beginning of fiscal year 2021/2022
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Egypt is among the countries that stand to benefit the most from an IMF proposal to earmark another $ 500 bn in Special Drawing Rights (SDRs) — the IMF’s artificial currency made up of unequal parts…
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African Development Bank (AfDB) announced allocating a $2 million grant to establish the African Cybersecurity Resource Centre (ACRC) for Financial Inclusion, for the sake of tackling cybercrime…
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The Housing and Development Bank (HDB) has achieved EGP 2bn in combined profits after taxes during fiscal year (FY) 2019/20, despite the repercussions of the novel coronavirus (COVID-19) pandemic.
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Visa, the world leader in digital payments, recently hosted a virtual seminar – “The Future of the Contactless Ecosystem in Egypt” - for its clients and industry partners in Egypt. Held in…
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Egypt’s net foreign reserves inched up by $100 million to $40.200 billion at the end of February from $40.100 billion in January, the central bank said in a statement on Sunday.
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Capital Intelligence Ratings (CI) announced, on Friday, that it has affirmed Egypt’s Long-Term Foreign Currency Rating (LT FCR) and Long-Term Local Currency Rating (LT LCR) at ‘B+’.
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Forbes Middle East has released its first annual "Top CEOs in the Middle East" ranking; the list includes N0ational Bank of Egypt’s Executive Chairman
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