Banking

Foreign reserves ticked up $ 38.2 mn in January to end the month at $ 40.1 bn, according to central bank figures released yesterday.
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The Commercial International Bank (CIB) announced that it has been included on the 2021 Bloomberg Gender-Equality Index (GEI).
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HC Securities & Investment expected the CBE to keep the current interest rates based on its projections for January’s annual headline inflation rate of 5.2 percent, which is near the lower end of…
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Remittances from Egyptians working abroad grew 11.9 percent year-on-year from January to November 2020, the central bank said in a statement on Monday.
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Egypt’s current account deficit widened to $2.8 billion in the July-September quarter from $1.4 billion in the same quarter of 2019 as the coronavirus pandemic caused tourism revenues to collapse and…
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Banque Misr is looking to expand its offerings in Somalia, Djibouti and Kenya as part of the bank’s expansion into East Africa, Deputy Chairman Akef El Maghraby told Al Shorouk.
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The Commercial International Bank (CIB), Egypt’s leading private sector bank, has revealed it achieved outstanding results in its digital transformation during 2020, and is currently the market leader…
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Bank Audi – Egypt has seen net profit before taxes of 2.1 billion pounds at the end of December 2020 with an increase of 16.7 percent, despite the consolidation of the burden of impairment from credit…
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 The Central Bank of Egypt (CBE) will issue treasury bonds and bills valued at EGP 26 billion on Sunday, in coordination with the Ministry of Finance, to finance the budget deficit.
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Large and persistent fiscal deficits in most emerging and frontier market economies are expected to persist in 2021, albeit to a smaller extent than in 2020, according to the International Monetary…
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