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CIB Introduces New Segment-based Pricing for Deposits
Commercial International Bank (CIB), Egypt’s leading private sector bank, announced a new restructuring of its retail products and services that are offered to different segments, individuals and…
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Egypt will stop accepting documentary collection in import operations, CBE
The Central Bank of Egypt (CBE) decided this week to stop accepting documentary collection in the implementation of import operations and to work with documentary credits only.
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Fitch Solutions expects Egyptian drugs exports to increase by 4.7 % in 2022
Fitch Solutions expected that Egypt’s exports of drugs will go up by 4.7% this year, the Cabinet Information and Decision Support Center (IDSC) said.
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Abu Dhabi Ports plans massive investment in Egypt
Abu Dhabi Ports (AD Ports Group) has earmarked around $10 billion for anticipated investments in Egypt in the coming period, its chairman Falah Al Ahbabi said.
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Financial sector contains repercussions of pandemic without prejudice to its main role: CBE
The Egyptian financial system succeeded in containing the repercussions of the coronavirus pandemic without prejudice to its main role, with the economy continuing to achieve positive growth rates…
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CIB included in 2022 Bloomberg Gender-Equality Index
The Commercial International Bank (CIB), Egypt’s leading private sector bank, has announced its inclusion on the 2022 Bloomberg Gender-Equality Index (GEI).
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FAB makes a play for acquiring a majority stake in EFG Hermes
Egyptian Financial Group Hermes Holding (EFG Hermes) has received a non-binding initial offer for First Abu Dhabi Bank (FAB) to acquire a majority stake in the company's issued capital.
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E-finance’s unit inks 10-year contract to expand services in Africa
e-Cards, a subsidiary of e-finance For Digital and Financial Investments, has inked a 10-year contract to supply and manage smart cards to Tres Groupe International (TGI) in Zimbabwe.
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Trade exchange bet. Egypt, Djibouti records $86.5M in 10 months
Trade exchange between Egypt and Djibouti increased 39.1 percent to $86.5 million during the first 10 months of 2021, compared to $62.2 million during the same period in 2020, according to the Central…
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FRA, AmCham discuss luring investments to non-banking financial sector
Chairman of the Financial Regulatory Authority (FRA) Mohammed Omran discussed in a meeting with a delegation from the American Chamber of Commerce in Egypt (AmCham Egypt) ways of luring investments to…
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