Banking

The Central Bank of Egypt (CBE), in collaboration with the Ministry of Finance, has replaced 4.1 out of 4.3 million payroll slips for state-employees with Meeza cards, the bank announced.
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The state-owned Housing and Development Bank (HDB) is adopting an expansion strategy in the field of digital transformation that comes at the top of its list of priorities, according to Hassan Ghanem…
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The Agricultural Bank of Egypt (ABE) is keen to contribute to supporting the state’s efforts in developing the governorates of Upper Egypt at all levels, according to its Chairperson Alaa Farouk.
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After a nine-day holiday due to Eid El-Fitr and Labour Day celebrations, Egypt’s banking sector resumed work on Sunday amid calm as the Egyptian pound remained stable despite the US Federal Reserves'…
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The National Bank of Egypt (NBE) — in its capacity as a financing agent — and the Agricultural Bank of Egypt (ABE) — in its capacity as a guarantor — signed a joint loan contract for the benefit of…
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Egypt’s net international reserves (NIRs) rose slightly in April to $37.1 billion, up from $37 billion posted in March, the Central Bank of Egypt (CBE) announced.
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The Central Bank of Egypt (CBE) has issued treasury bills (T-bills) at an aggregated value of EGP 19 billion through two tranches on Sunday, 8 May.
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Khazna, a fintech company, has announced that it has received the Central Bank of Egypt’s (CBE) approval to launch its prepaid card in cooperation with Abu Dhabi Islamic Bank – Egypt (ADIB). Khazna…
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State-owned Bank Misr has carried out an ownership transfer transaction for fellow state-owned Banque du Caire in a deal valued at EGP 6.9 billion, the Egyptian Stock Exchange (EGX) announced on…
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The International Monetary Fund (IMF) expects that the ratio of public debt to GDP in Egypt would decline to pre-pandemic levels by 2025 or 2026.
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