20 planned T-bills auctions worth EGP 179.5bn, 19 T-bonds auctions worth EGP 63.25bn
Latest by Hossam Mounir
Egypt has about 52,000 NGOs, only between 5 -10% receive foreign funding, says President of the General Federation of NGOs
Data from the Central Agency for Public Mobilization and Statistics (CAPMAS) revealed that Egyptian exports to the G20 countries increased by 39.2% to $9bn in 1H 2021, up from $6.5bn in the same period in 2020.
In a Wednesday report, CAPMAS said that Egyptian imports from Romania amounted to $339.5m in H1 2021, compared to $418.3m during the same period in 2020, a decrease of 18.9%.
The MPC periodic meeting comes amid strong market expectations that it will keep Egypt’s interest rates unchanged for the eighth time in a row, despite the rise in the inflation rate in the recent period, and there are expectations of a further rise in the coming period.
On Monday evening, Al-Sisi announced ending the extension of the state of emergency nationwide for the first time in many years.
The agreement aims to contribute to the implementation of the objectives of the Decent Life initiative, by providing all its banking and financial services and ensuring that they reach a wide sector of the rural population.
Egyptian Financial Regulatory Authority grants ADI- Consumer Finance operating license
Deposits amount to EGP 5.837trn, credit facilities record EGP 2.855trn
ABE to complete development of 1,000 branches nationwide by late 2022
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.
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