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Egypt’s current account deficit narrowed by 10.2% to USD 16.6 bn in FY 2021-2022, buoyed by oil and non-oil exports, rising tourism receipts, and a jump in FDI, according to central bank figures
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The National Bank of Egypt (NBE) is adjusting the fixed interest rates on its three-year new golden USD savings certificates and the Ahl Masr USD certificates for five and seven years for new issues…
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Egypt's Minister of Planning, Hala El-saeed, revealed that the first group of initial public offerings (IPOs) fund will be completed within a few weeks at a value of $3 billion.
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Banks now have until 14 September 2023 to comply with the new capital requirements required by the 2020 Banking Act after the central bank agreed to extend the deadline by another year, according to a…
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The International Monetary Fund (IMF)'s managing director Kristalina Georgieva said a final agreement with Egypt about a new loan could possibly be reached within weeks.
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Trade exchange between Egypt and Portugal jumped from €218.4 million in 2017 to €339.1 million in 2021, according to the Secretary of State for Foreign Affairs and Portuguese Cooperation, Francisco…
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The Saudi Egyptian Investment Company - a subsidiary of the Saudi Public Investment Fund - acquired 34 percent of the Egyptian Retail Chain Company, B.TECH, for $150 million. B.TECH is one of the…
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The output of Egypt’s non-oil businesses registered a marked contraction in September for the 13th month in a row driven by energy rationing, part shortages and weak demand amid the ongoing global…
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Banque Misr, Egypt’s second biggest state lender, plans to launch its first digital bank in the homeland by early next year, according to its chairman
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Financial Brokerage Group regained its leadership in the market ranking during the third quarter (3Q) of this year, climbing two positions, as it accounted for 18.4% of the market transactions with a…
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