Browsing: Banking

Hassan Abdallah, Governor of the Central Bank of Egypt (CBE), met with Nigel Clarke, Deputy Managing Director of the International…

Headline inflation stood at 13.9% y-o-y in April, broadly unchanged from March. This steady annual figure is largely base-effect driven,…

The value of gold in Egypt’s international reserves rose sharply by approximately $2.985bn during the first four months of 2025,…

Domestic liquidity in Egypt’s banking sector climbed to EGP 12.566trn in March 2025, up from EGP 11.636trn in December 2024—an…

Commercial International Bank – Egypt (CIB) reported consolidated net income of EGP 16.6bn, or EGP 4.83 per share, for the…

The Central Bank of Egypt (CBE) announced on Monday that remittances from Egyptians working abroad have surged to an unprecedented…

The Suez Canal Bank has successfully completed two sukuk issuances totaling EGP 5.8bn, both compliant with Islamic Sharia principles. The…

The Arab African International Bank (AAIB) and Al Ahly Pharos have been appointed as financial advisors and lead arrangers for…

Al Ahly Pharos Investment Banking, the investment banking arm of the National Bank of Egypt (NBE), has announced the successful…

Commercial International Bank (CIB) Egypt has signed an EGP 2.45bn bridge loan agreement with Sixth of October Development and Investment…