Maha Karara has joined the Arab African International Bank (AAIB) as the Head of Corporate Communications and Sustainability.
Karara graduated in 1999 with honours from the AUC with a bachelor's degree in Integrated Marketing Communications and a (...)
The Central Bank of Egypt (CBE) has announced that, in continuing with the recent return of foreign investments into local debt instruments, foreigners accounted for 22.6% of treasury bills (T-bills) issuances in the first half (1H) of 2021, (...)
The Central Bank of Egypt (CBE) has completed the establishment of an integrated information security centre that will help banks predict cyberattacks before they occur.
Gamal Negm, the Deputy Governor of the CBE, said that the centre that was (...)
The Central Bank of Egypt (CBE) and the Financial Regulatory Authority (FRA) launched a joint announcement this morning from the Smart Village calling on multiple agencies that engage in microfinance to improve the quality of financial services (...)
Egypt's annual urban inflation rose to 5.9% during December 2021, compared to 5.6% in November 2021, while the monthly rate was 0.1% in December, according to the Central Agency for Public Mobilization and Statistics (CAPMAS).
The agency explained, (...)
Abu Dhabi Islamic Bank (ADIB) Egypt has announced an increase in the issued and paid-in capital of the Abu Dhabi Islamic Consumer Finance (ADI-CF) — its new arm for consumer finance in Egypt — from EGP 10m to EGP 30m.
The launch of the new company, (...)
The Central Bank of Egypt (CBE) has revealed that the country's net international reserves rose to $40.934bn in December 2021, an increase of $25m from November's $40.909bn.
Egypt's international reserves consist of foreign exchange (FX), gold, (...)
Bloomberg has announced that the National Bank of Egypt (NBE) has won the first place as the top bank acting as a financing agent, main arranger, and marketer of syndicated loans in the Egyptian and African banking markets.
The bank also ranked (...)
The Central Bank of Egypt (CBE) approved the launch of an e-portal for managing smartphone wallet accounts in cooperation with the National Telecom Regulatory Authority (NTRA).
Through this portal, users can make queries about any electronic (...)
The Central Bank of Egypt (CBE) received 33 bids from local and foreign investors worth $1.0379bn to cover the recent tender of treasury bills (T-bills) denominated in the US currency.
The CBE put out this tender on Monday at a value of $850m for a (...)
Misr Capital, the investment arm of Banque Misr, announced on Sunday the completion of the 11th issuance of securitization bonds worth EGP 2.4bn in favour of CorpLease after obtaining the approval of the Financial Regulatory Authority.
The issuance (...)
The Agricultural Bank of Egypt (ABE) has been supporting the state's efforts to develop Upper Egypt in the recent period through promoting and creating investment opportunities in the agricultural sector, and supporting small farmers and producers. (...)
Attijariwafa Bank Egypt participated in four securitisation bond offerings worth EGP 700m in the last quarter (4Q) of 2021, according to a statement released by the bank last week.
The bank participated as a coverage guarantor with a value of EGP (...)
The total assets of the Central Bank of Egypt (CBE) increased to EGP 2.412trn in November 2021, up from the EGP 2.028trn recorded in June, marking an 18.9% increase.
According to the CBE's financial position report for November, the bank's balances (...)
Nevine Gamea, the Minister of Trade and Industry and Executive Director of the Micro, Small, and Medium Enterprise Development Agency (MSMEDA), has revealed that the agency pumped funds amounting to EGP 6.2bn to support the small and micro (...)
Nevine Gamea, Minister of Trade and Industry and Executive Director of the Micro, Small, and Medium Enterprises Development Agency (MSMEDA), said that the agency funded about 58,000 small and micro projects in Aswan governorate with EGP 1.13bn, from (...)
The Central Bank of Egypt (CBE) said that the net foreign assets of the local banking system rose by equivalent of EGP 23.923bn to about EGP 186.313bn in September 2021, compared to about EGP 162.390bn in August 2021.
In its monthly report on (...)
Ahli United Bank – Egypt (AUB), one of Egypt's prominent financial institutions, received a financing package of $82m from the European Bank for Reconstruction and Development (EBRD), the European Union (EU), and the Green Climate Fund (GCF).
This (...)
The National Bank of Egypt (NBE) has announced the most important features of its strategic plan for 2022.
Hisham Okasha, Chairperson of the NBE, said that the bank's strategy for 2021 – 2023 comprised seven main axes: leading the banking sector in (...)
The Central Bank of Egypt (CBE) has decided to extend the validity of some of the decisions previously made to deal with the pandemic for six months, starting from 1 January to 30 June 2022.
This comes within the framework of implementing the (...)
The Central Bank of Egypt (CBE) has revealed the most prominent financial viability indicators for banks operating in the Egyptian market during the third quarter (3Q) of 2021.
According to CBE, the total financial position of banks operating in the (...)
Hala El-Said, Minister of Planning and Economic Development and Chairperson of The Sovereign Fund of Egypt (TSFE), has witnessed the laying of the foundation stone for two schools in the Cosmic Village.
The project will be executed by TSFE and (...)
Adel Abdel Azim, Deputy Governor of the Economic Research Sector at the Central Bank of Egypt (CBE), has said that remittances from Egyptians working abroad increased during the period from July to September 2021, at a rate of 1.5% on an annual (...)
The Medium, Small and Micro Enterprise Development Agency (MSMEDA) and Misr El Kheir Foundation have signed a memorandum of understanding (MoU) to establish new business incubators and launch programmes to raise the capabilities of young people and (...)
