Banking

African Export-Import Bank (Afreximbank) and the International Islamic Trade Finance Corporation (ITFC), signed a US$250 million facility to provide funds for the Bank to advance procurement of…
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African Export-Import Bank (Afreximbank) has awarded US$400,000 in grant funding to the National Institute for Pharmaceutical Research and Development (NIPRD) of Nigeria for the establishment of an…
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The Central Bank of Egypt (CBE) has received 39 bids from local and foreign investors to cover the tender of local treasury bills (T-bills) denominated in euro, with a total value of €819.5m.
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The Central Bank of Egypt (CBE) signed a cooperation protocol with the General Authority for Investment and Free Zones (GAFI) and the Egyptian Credit Bureau (I-Score) to exchange data and information…
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 Housing and Development Bank (HD Bank) logged standalone net profits of EGP 1.43 billion in the first nine months of 2021, slightly up from EGP 1.42 billion in the year-ago period, the unaudited…
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Societe Arabe Internationale de Banque (SAIB) reported net profits of $14.17 million in the first nine months of 2021, an increase of 7% year-on-year (YoY) from EGP $13.18 million, the unaudited…
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The Central Bank of Egypt's (CBE) board of directors approved the regulations governing the instant payment network (IPN) services in Egypt as part of its efforts towards reducing the usage of cash in…
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Egypt repaid $15.8 billion in foreign debt throughout the financial year 2020-2021 ended last June, the central bank said in a monthly report .
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Credit Agricole Egypt achieved consolidated net profits of EGP 1.179 billion in the first nine months of 2021, up by 13.8% year-on-year (YoY) from EGP 1.036 billion, the unaudited financial results…
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Egypt's net international reserves increased by $24 million during October, according to data released by the Central Bank of Egypt (CBE).
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