Banking

First Abu Dhabi Bank participated in the 7th CEOs Thoughts Conference in the presence of Hisham Tawfik, Minister of the Public Business Sector and Mohamed Farid, Chairman of the Egyptian Stock…
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 Banque du Caire's net profits of  seen an increase by 7% to EGP 2.7 billion by the end of the third quarter (Q3) of 2021, compared to EGP 2.5 billion in the correspondent  period according to local…
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Egypt’s external debt increased by about $14.4bn to $137.9bn in June 2021, compared to $123.5bn in June 2020.
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African Export-Import Bank (Afreximbank) has signed a Memorandum of Understanding (MOU) with Fonds Souverain d'Investissements Stratégiques (FONSIS) to provide project preparatory capital to assist…
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The non-governmental deposits in local currency with the Egyptian banking sector, other than the state-owned banks, recorded EGP 4.308trn in October 2021, up from EGP 4.239trn in September 2021.
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The Egyptian government aims to issue treasury bills (T-bills) and bonds worth EGP 195.25bn during December 2021, as part of a larger plan that includes offering local debt instruments worth EGP…
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The Ministry of International Cooperation received a delegation from the Export-Import Bank of Korea (Korea Eximbank) to delve into the prospects of expanding the cooperation portfolio between Egypt…
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Egypt is eyeing bigger contribution by SMEs to the national economy in order to reach 80 to 90 percent as in some major countries noting that in Egypt it only stands at 20 percent, according to the…
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Business leaders are expecting double-digit revenue growth next year, offsetting damage from short-term supply chain disruption by pushing into new markets to reach more customers, according to new…
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The initial financial results of the Housing and Development Bank (HD Bank) showed a 4.5% decrease in net profits after tax at EGP 1.58 billion during the first nine months (9M) of 2021 from EGP 1.65…
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