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Banks now have until 14 September 2023 to comply with the new capital requirements required by the 2020 Banking Act after the central bank agreed to extend the deadline by another year, according to a…
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The International Monetary Fund (IMF)'s managing director Kristalina Georgieva said a final agreement with Egypt about a new loan could possibly be reached within weeks.
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Trade exchange between Egypt and Portugal jumped from €218.4 million in 2017 to €339.1 million in 2021, according to the Secretary of State for Foreign Affairs and Portuguese Cooperation, Francisco…
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The output of Egypt’s non-oil businesses registered a marked contraction in September for the 13th month in a row driven by energy rationing, part shortages and weak demand amid the ongoing global…
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Banque Misr, Egypt’s second biggest state lender, plans to launch its first digital bank in the homeland by early next year, according to its chairman
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Financial Brokerage Group regained its leadership in the market ranking during the third quarter (3Q) of this year, climbing two positions, as it accounted for 18.4% of the market transactions with a…
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The World Bank’s Board of Executive Directors approved a $400m development financing agreement to enhance the performance of the logistics and transportation sectors in Egypt and to support the shift…
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Egypt’s net foreign assets (NFAs) fell by 18.06 billion Egyptian pounds ($925 million) in August, resuming a decline that lasted nearly a year except its raise in July, Central Bank of Egypt’s (CBE)…
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Qalaa Holdings turned profitable during the second quarter (2Q) of 2022 to record consolidated net profit of EGP 361.6m, compared to net loss of EGP 401.5m during the same period of 2021.
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The Suez Canal Economic Zone (SCZONE) has signed a contract with Kuwait’s Agility to develop and operate a customs and logistics centre.
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