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Egypt’s Housing Bank wins 2 awards for being most efficient bank in providing mobile, internet banking services
The Housing and Development Bank (HDB) won World Business Outlook ‘Most Reliable Mobile Banking Service Provider in Egypt Award’ and ‘Most Reliable Internet Banking Service Provider in Egypt Award’…
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CBE will not hesitate to take measures it deems necessary to curb inflation
The Central Bank of Egypt (CBE) will not hesitate to take the measures it deems appropriate to curb inflation, CBE Governer Tarek Amer.
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Egypt negotiates ‘limited’ loan with IMF, with no tough terms: Amer
Egypt’s central bank Governor Tarek Amer said on Wednesday that talks with the International Monetary Fund (IMF) were advancing.
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HSBC launches $1bn lending fund for female entrepreneurs in Egypt, 10 other markets
HSBC announced that it launched a Female Entrepreneur Fund that will provide $1bn in lending to female-owned businesses over the next 12 months in 11 markets, including Egypt.
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Egypt’s PM discusses enhancing industrial cooperation opportunities with UAE, Jordan
Egypt’s Prime Minister Mostafa Madbouly met with Minister of Trade and Industry Nevine Gamea and other Egyptian officials to review means of enhancing cooperation with UAE and Jordan in the industry…
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Fitch Solutions revises Egypt’s real GDP growth slightly
Fitch Solutions revised up Egypt’s real GDP growth forecast by 0.1 percent for 2022 to reach 5.6 percent, up from the 5.5 percent it projected in April, according to Fitch Solutions’ MENA Monthly…
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CBE joins international green financial system network as part of sustainable development strategy
The Central Bank of Egypt (CBE) announced that is joining the Network of Central Banks and Supervisors for Greening the Financial System (NGFS) — one of the most important bodies specialised in the…
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Egypt may reach agreement on new IMF programme within ‘very few months’: PM
Egypt is negotiating with the International Monetary Fund (IMF) on a new cooperation programme to support the country's comprehensive economic reforms and an agreement is expected to be reached within…
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Egypt plans to issue $500 green, development bonds by next FY: Kouchouk
Egypt plans to issue green and development bonds worth more than $500 million within the next financial year, which starts in July, deputy finance minister Ahmed Kouchouk told CNBC Arabia.
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Egypt reports 29.4% decrease in trade deficit during February
Egypt recorded a trade deficit of $2.7bn in February 2022, down from February 2021’s $3.82bn — a decrease of 29.4% — according to the Central Agency for Public Mobilisation and Statistics’ (CAPMAS)…
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