Economy

Under the theme of ‘building resilience for the 21st century’, the “3rd Arab Savings & Financial Literacy Conference” will be held in Cairo, bringing together several financial, educational, social protection, …

The Central Bank of Egypt (CBE) welcomed a delegation from the Bank of South Sudan for a visit, sharing regulatory expertise to help enhance South Sudan’s oversight and banking capacity, …

The Egyptian General Authority for Investment and Free Zones (GAFI) has introduced a new single-approval system to make it easier for investors to invest in projects. The CEO of GAFI, …

NilePreneurs, one of the initiatives of the Central Bank of Egypt (CBE), has offered nearly EGP 4.4bn worth of financing to about 6,000 small and medium enterprises and entrepreneurs since …

Tarek Kamel, Chairman and CEO of Nestlé Egypt and Sudan, stated that Nestlé is set to add four production lines to its factories in Egypt by the end of 2023. Kamel …

Abu Dhabi Commercial Bank (ADCB) and TalabatUAE, the region’s leading online food delivery platform, have partnered to launch the first ever ‘TalabatADCB Credit Card’ – a valuable addition to the …

The banks were Banque Misr, the National Bank of Egypt (NBE), Banque du Caire, the Bank of Alexandria, the Housing and Development Bank (HDB), and  the Agricultural Bank of Egypt …

SCZone has announced the launch of SCZone Istithmar Company, an investment firm that will manage the economic zone’s current and future investments strategically. The new company aims to partner with …

The Commercial International Bank (CIB) introduced a new one-year USD-denominated certificate of deposit (CD) with a monthly yield of 6 percent. The minimum investment for the new CDs is $10,000, …

Against all odds, the Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) resolved on Thursday to increase key interest rates by one percent (100 basis points) at its first …