Banking

Egypt announced that subscriptions to the state-owned NI Capital’s Seyola fund have started with a par value of EGP 10, and a minimum purchase of EGP 1,000 without an upper cap, according to Minister…
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Egypt’s annual core inflation rate retreated to 3.8 percent in December 2020, compared to 4 percent a month earlier, according to data released by the Central Bank of Egypt (CBE).
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The Central Bank of Egypt (CBE) has issued new instructions regarding the management of operation risks at banks working in the Egyptian market.
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Egyptian state owned bank, National Bank of Egypt (NBE) opened a new branch inside Irshad Building in Ismailia.
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The Central Bank of Egypt (CBE) issued new instructions for banks to expedite the transfers denominated in the Egyptian pound as part of the country’s efforts towards digital transformation.
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Egypt landed the third place among the top 10 countries that benefited the most from the Islamic Development Bank (IsDB) Group’s financial allocations from August 2018 until December 2020.
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NI Capital, the investment arm of the National Investment Bank (NIB), will launch several investment funds in the next few days to attract more local and foreign investments, the Egypian Minister of…
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The Central Bank of Egypt (CBE) decided to extend two initiatives to relieve the debt for defaulting companies and tourism businesses for a six-month period ending on 30 June 2021.
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The Commercial International Bank (CIB) announced that it has furthered its commitment to environmental transparency by disclosing its environmental impact through the Carbon Disclosure Project (CDP).
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The ordinary general meeting (OGM) Fawry for Banking Technology and Electronic Payments approved a loan agreement worth EGP 160 million between its subsidiary Fawry Microfinance Co and the…
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