Banking

The Monetary Policy Committee (MPC) decided to keep the Central Bank of Egypt’s (CBE) overnight deposit rate, overnight lending rate, and the rate of the main operation unchanged at 8.25 percent, 9.25…
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The Abu Dhabi Islamic Bank – Egypt (ADIB-Egypt) announced, on Tuesday, that it is forming a tri-party collaboration with start-up Khazna and Masria Digital Payments (MDP), a leading end-to-end…
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The board of the African Development Bank (AfDB) approved on Wednesday an €83 million (around $100 million) loan to finance the second phase of Egypt’s Electricity and Green Growth Support Programme…
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Fitch Ratings expected Egypt’s GDP to reach pre-pandemic growth levels of 6 percent, the highest projection among all the global financial and credit institutions so far.Fitch Ratings expected Egypt’s…
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Egypt’s Micro, Small, and Medium Enterprise Development Agency (MSMEDA) and Banque Misr have signed a contract worth EGP 500m that will go towards financing micro-enterprises.
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valU Consumer Finance, Egypt’s consumer financing platform, has been recognized as the “Best Buy-Now Pay-Later Platform” at the Leaders in Fintech Awards 2021, hosted by Entrepreneur Middle East.
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The Central Bank of Egypt (CBE) signed a memorandum of understanding (MoU) with the Central Bank of the United Arab Emirates (CBUAE) to strengthen cooperation in banking supervision.
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African Export-Import Bank (Afreximbank) and Banque du Caire (BDC) signed a final agreement on Afreximbank’s US$200 million Intra-African Investment Finance Facility to support BDC’s expansion across…
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The Egyptian Banking Institute (EBI), the training arm of the Central Bank of Egypt (CBE), has signed a cooperation agreement with the leading assessment services company, Mercer Mettl.
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Remittances from Egyptian expatriates increased by 8.5% to record $23.4bn from July 2020 to March 2021, compared to $21.5bn during the period from July 2019 to March 2020, according to the Central…
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