Banking

The International Monetary Fund (IMF) warned that war in Ukraine and sanctions on Russia will have a substantial impact on the global economy and financial markets, with significant spillovers to…
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The central bank issued updates to its response to importers’ inquiries on its rules requiring them to get letters of credit (L/Cs) for their purchases.
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African Export-Import Bank (Afreximbank) and the Djibouti Chamber of Commerce (CCD) conducted a three-day business roadshow in the country, to promote the Bank’s programmes, facilities, and…
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Egypt’s net foreign reserves increased to around $40.993 billion at the end of February from $40.980 billion at the end of January, a central bank data showed on Thursday.
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Egypt-based Housing and Development Bank (HD Bank) achieved consolidated net profits worth EGP 2.02 billion in 2021, compared to EGP 2.06 billion in 2020, including minority interest.
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CIB has been disclosing its environmental impact to the Carbon Disclosure Project since 2018
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The Central Bank of Egypt (CBE) said that net foreign direct investments during the first quarter of 2021/2022 fiscal year hit 1.664 billion dollars against 1.605 billion dollars of the corresponding…
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The Central Bank of Egypt (CBE) said on Saturday that nearly 8,100 vehicles benefited from the initiative launched by the State to replace old vehicles with dual-fueled ones at a total of two billion…
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The National Programme for Community, Human, and Local Development, ‘Mashrou’ak’ (‘Your Project’) established 1,500 SMEs across the country in January 2022, Minister of Local Development Mahmoud…
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The Central Bank of Egypt (CBE) has revealed that the total financial position of banks working in the Egyptian market recorded EGP 8.954trn in November 2021, an increase of about EGP 1.006trn from…
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