Main

The US dollar exchange rate has increased against the Egyptian pound to EGP 17.4 for buying and EGP 17.5 for selling at the National Bank of Egypt (NBE) and Banque Misr.
Read More...

First Abu Dhabi Bank (FAB) is in advanced talks with GB Auto to acquire 100% of its leasing arm GB Lease,  according to Al Shorouk reported Saturday citing sources familiar with the discussions.
Read More...

The Finance Ministry has revised downwards its fiscal targets for FY 2022-2023 as rising commodities prices put pressure on public finances, according to figures published in an Ittihadiya statement
Read More...

The Egyptian Ministry of Transport signed two memoranda of understanding with the Abu Dhabi Ports Group to manage and operate multi-purpose terminals in Egyptian sea and river ports.
Read More...

Banque Misr, the National Bank of Egypt (NBE), and Banque du Caire have launched “Nclude” fintech fund in partnership with Global Ventures, after obtaining the approval of the Central Bank of Egypt…
Read More...

In its special meeting today, the Monetary Policy Committee (MPC) decided to raise the overnight deposit rate, the overnight lending rate and the rate of the main operation by 100 basis points to 9.25…
Read More...

Egypt’s exports to Saudi Arabia rose 17.4 percent during 2021 on an annual basis, to record about $1.99 billion, compared to about $1.69 billion in 2020, according to the Minister of Trade and…
Read More...

Egypt and International Fund for Agricultural Development (IFAD) discussed opportunities for coordination and cooperation within the framework of Egypt’s hosting of the Conference of Parties on…
Read More...

The Central Bank of Egypt (CBE) announced last week the most prominent financial safety indicators for banks operating in the Egyptian market in 2021.
Read More...

 Oriental Weavers Carpet will be establishing four new sales branches in Egypt after getting its board approval.
Read More...