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ADIB-Egypt, SimpliFi partner to expand digital payments ecosystem in Egypt
SimpliFi, the leading Cards as a Service (CaaS) platform for banking and fintech industries in MENA and Pakistan, and Abu Dhabi Islamic Bank (ADIB) Egypt, one of the most enterprising and digitally…
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Remittance’s of Egyptian expats grow by 1.6% in FY2021/22
Egyptian expats’ remittance inflows to Egypt grew in FY2021/2022 by 1.6 percent to post $31.9 billion, up from $31.4 billion recorded in FY2020/2021, the Central Bank of Egypt (CBE) announced on…
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Egypt’s exports to Bahrain, Jordan, Iraq increase in during H1-FY 2021-2022
Egypt's exports to three Arab countries - Bahrain, Jordan, and Iraq - have increased in 2021 and the first quarter of the FY 2021-2022.
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Egypt’s Housing Bank expands its integrated banking activities
The Housing and Development Bank (HDB)'s business results showed a 30% increase in the bank’s consolidated net profits compared to the same period of the previous year.
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Misr Italia Properties posts EGP 4.2bn gross contracted sales in 1H 2022
Misr Italia Properties achieved contractual sales that amounted to EGP 4.2bn in the first half (1H) of 2022 — a 58% increase compared to 1H 2021.
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CIB launches Instant Payment Network to support digital transformation plans
The Commercial International Bank – Egypt (CIB) has launched the Instant Payment Network (IPN) through its digital channels, including internet and mobile banking, as well as the Egyptian Banks…
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35.8% decrease in Egypt’s trade deficit in May 2022
The Central Agency for Public Mobilization and Statistics (CAPMAS) issued on Wednesday the monthly bulletin of Foreign Trade in May 2022.
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In surprise move, Egypt’s CBE decides to keep interest rates on hold
Egypt’s central bank has on Thursday surprisingly decided to keep its key interest rates unchanged for the second policy meeting in a row, confounding economists who had forecast it would raise them.
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Hassan Abdalla named as Acting Governor of Egypt’s central bank
Egypt’s President, Abdelfattah El-Sisi, has issued a decree to appoint Hassan Abdalla as an Acting Governor of the Central Bank of Egypt (CBE).
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Egypt’s CBE governor resigns a day before interest rates decision
President Abdel Fattah El-Sisi accepted on Wednesday the resignation submitted by the Governor of the Central Bank of Egypt (CBE) Tarek Amer and appointed him as a presidential adviser, according to a…
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