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Egypt, European Investment Bank discuss future cooperation in different economic sectors
The European Investment Bank (EIB) is currently on an official visit to Egypt, where the bank’s delegation will meet with a number of ministers and officials of the Egyptian government to discuss…
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An increase in agricultural credit categories by 25% says Egypt’s Agricultural Bank
The Agricultural Bank of Egypt (ABE) announced an increase in agricultural credit categories by 25% to support small-scale farmers in the face of price hike of production and operating inputs.
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CBE initiates several measures for women’s financial inclusion, empowerment since 2016
the Central Bank of Egypt (CB) launched several initiatives and measures to support financial inclusion and the economic empowerment of women in all sectors since 2016
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Egypt’s Ramadan charity banquets are back after two years of suspension
Egypt lifted on Sunday a ban on Ramadan charity banquets, ending a two-year suspension on the popular tradition due to the COVID-19 pandemic.
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British trade mission in Egypt explores new projects in infrastructure, energy, finance
A trade mission started a tour in Egypt on Sunday, the British embassy in Cairo announced according to Ahram online.
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Egypt imports 100M barrels of oil annually: PM
Egypt imports 100 million barrels of oil per year, according to the Prime Minister, Moustafa Madbouli, adding that the cost of a barrel of oil was $60 a few months ago, and it has reached $120 now;…
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CBE launches InstaPay towards fulfilling its fin. inclusion ambitions
The Central Bank of Egypt (CBE) has launched a national digital payment app, InstaPay, which provides instant and secure payments between Egyptian banks, Meeza cards, and mobile wallets via its new…
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EFG Hermes’ revenues surpass EGP 6bn in 2021 for 1st time
Egyptian Financial Group Hermes Holding (EFG Hermes) reported a year-on-year (YoY) surge of 12% in revenues to EGP 6.1 billion in 2021, exceeding the EGP 6 billion mark for the first time.
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Egypt’s budget deficit seen at EGP 368 bln in 8 months
Egypt's budget deficit hit EGP 368 billion from July 2021 to February 2022, compared to EGP 320 billion during the same period a year earlier, the Finance Ministry said in a report Thursday.
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Egypt’s valU aims for opening a new market in Saudi Arabia
EFG Hermes’ consumer finance platform valU will set foot in Saudi Arabia before the end of 1H2022, marking its first cross-border expansion, EFG Hermes Finance CEO Walid Hassouna told Bloomberg…
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