Banking

The National Bank of Egypt (NBE) signed an agreement with Orascom Investment Holding to finance the development of the sound and light show at the Pyramids of Giza. 
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The Egyptian banking system implemented about one billion electronic transactions, with a value exceeding EGP 2.8trn, during fiscal year (FY) 2020/21, compared to nearly EGP 1.9trn during FY 2019/20,…
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The European Bank for Reconstruction and Development (EBRD) is studying directing a sovereign loan worth €250 million to Egypt to modernise and rehabilitate Cairo Metro’s second line.
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The Central Bank of Egypt (CBE) is expected to leave interest rates unchanged in its next meeting on Thursday, 16 September, according to a research note issued by HC Securities & Investment on…
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The Agricultural Bank of Egypt (ABE) has announced the provision of new facilities to the beneficiaries of “Bab Rizq” microfinance programme, as part of the Central Bank of Egypt’s (CBE) initiative to…
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The Commercial International Bank (CIB) – Egypt has entered the Guinness World Records for the world’s highest number of live viewers of a financial inclusion awareness video via YouTube.
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African Export-Import Bank (Afreximbank) has announced a minority investment by the Fund for Export Development in Africa (FEDA) into Liquid Intelligent Technologies (Liquid), a pan-African…
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Egypt's net international reserves increased by $63.1 million to $40.672 billion at the end of August from $40.609 billion at the end of July, according to data by the Central Bank of Egypt (CBE). 
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The Global Finance magazine has chosen the Governor of the Central Bank of Egypt (CBE) Tarek Amer as among the top-ten central banks’ governors list for 2021, awarding him “A” grade.
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The Housing and Development Bank (HDB) has signed a cooperation protocol with Elsewedy Electric to be the main and only partner for establishing a third branch of Elsewedy Technical Academy (STA) in…
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