This comes as monthly headline urban inflation recorded 1.1% in September compared to 0.3% in September 2020. Consequently. While annual headline urban inflation recorded its highest rate of 6% for the first time since January 2020.
Latest by Hossam Mounir
Digital banks provides services with ease: Sherif El Behiry
59 factories re-operate with proper production capacity to compensate losses: NBE Chairperson
The protocol was signed by ETA Chairperson Reda Abdel Qader and FEB Chairperson Mohamed El-Etreby.
Egypt’s trade deficit reaches $2.88bn in July 2021
In an official ceremony, UltraTeb was launched as the first electronic platform for providing medical supplies, with innovative bank financing provided exclusively through Credit Agricole Egypt.
Bank’s issued, paid-up capitals increase to EGP 5bn
El-Bawab indicated that the fund allows individual investors to invest with the aim of maximizing returns and providing liquidity through a fund that provides a cumulative daily return
Tasaheel Co. accounts for 21.82% market share, with total financing of EGP 4.578bn
MSMEDA provides marketing services free of charge to small projects during Turathna Exhibition
HSBC Evolve gives corporate clients ability to perform wide range of trading activities all in one place
Bank extends repayment period to 25 years, increases maximum unit price to EGP 2.5m
Issuance includes 16 T-bill offerings worth EGP 144bn, 15 bond offerings worth EGP 51.25bn
People with disabilities face infrastructure, information, and customer service barriers at bank branches, ATMs, websites
Liquidity in banking sector increases to EGP 5.489trn in August
Total of 24,150 trainees receive EBI’s interactive distance learning in 2020/21
Outstanding balance of T-bills declines to about EGP 1.564trn in July 2021
A banking alliance consisting of Banque Misr and the National Bank of Egypt (NBE) signed a long-term joint financing contract for Palm Investment and Real Estate Development Company, a subsidiary of Palm Hills Developments with a value of EGP 2.5bn. Banque Misr will act as the first main arranger, finance marketer, and financing agent, while …
Step comes in line with Egypt’s plan to transform into regional centre for Arab, African financial technology
EU delegation monitors activities of MSMEDA-EIB agreement
A member of a number of private and public executive and board directorship roles in the region, Nasser brings a wealth of executive and board level experience and a deep understanding of the region to his new role as Chairperson of HSBC Egypt.
Total financial position of banking operating in Egypt increases to EGP 7.948trn
Total financial position of banks operating locally reaches EGP 1.54trn
The Central Bank of Egypt (CBE) signed a cooperation protocol with the Financial Regulatory Authority (FRA) to facilitate the issuance of licences and approvals with regard to payment instruments for consumer finance or other payment methods approved by CBE. This comes within the framework of the strategy of the National Payments Council headed by President …
Protesto cases reach 3,205 in 2020, down from 5,446 cases in 2019
The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has announced that the Turathna Exhibition for handicrafts and heritage arts will run from 9 to 15 October at the Egypt International Exhibition Center in the Fifth Settlement, Cairo, for the third year in a row. Nevine Gamea, Minister of Trade and Industry and Executive Director …
Net profits register EGP 51.006bn, investments in securities and treasury bills record EGP 2.871trn
CIB records 116% increase in mobile banking transactions, 34% increase in online banking users during H1 2021
Bank’s profit before tax increases 10.8% y-o-y, recording EGP 1.45bn in FY 2020/21
Remittances grow by 13.2% over last year