Archive

News Image 2020-09-22
State Banks Stop Issuing Annual 15% CDs, in Line With IMF Program

National Bank of Egypt (NBE) and Banque Misr have…

News Image 2020-09-21
Egypt Introduces Tariff Adjustments; Including Over 50% Discounts in Custom Duties in Some Industries

Egypt's finance ministry has introduced tariff…

News Image 2020-09-20
Banking Consortium Inks $355 Mn Loan With EGMPT to Establish Terminal at Alexandria Port

A banking consortium that involves the largest two…

News Image 2020-09-17
'Early' Addition of Gold to Commodities Exchange May Not Pay Dividends: Analyst

The anticipated "early" introduction of…

News Image 2020-09-16
Egypt's SWF to Provide Plots, Buildings for Hospitals to Boost Accessibility of Surgeries

Egypt's sovereign wealth fund (SWF) plans to provide…

News Image 2020-09-15
CBE Ends Pandemic Initiative to Postpone Loan Installments, Introduces New Structure for Credit Facilities

The Central Bank of Egypt (CBE) has decided to end…

News Image 2020-09-14
No Deal Reached Yet on Sale of Vodafone Egypt Stake to STC

Saudi Telecom Company (STC) has said that no deal…

News Image 2020-09-13
Egypt's Annual Headline Inflation Lowest Since Oct; No Short-Term Increase Foreseen

Egypt's annual urban consumer price inflation…

News Image 2020-09-10
CBE Repaid $35 Bn in Foreign Commitments, Market Injections Amid Coronavirus Crisis: Governor

The Central Bank of Egypt (CBE) has repaid foreign…