Economy

In light of the upcoming Eid Al-Fitr festivities, the Central Bank of Egypt (CBE) has announced that it will temporarily suspend the operations of all banks in Egypt from April …

Fintech Egypt, a division of the Central Bank of Egypt, recently launched an event called “Women for Women in FinTech”. The main objective of this event is to provide innovative …

At the end of yesterday’s trading, the average US dollar price in banks slightly dropped to reach EGP 47.11 for buying and EGP 47.21 for selling. MIDBANK recorded the highest …

Mastercard and Women Choice have expanded their partnership to launch two programs – ImpactHer and EmpowerHer – to support women entrepreneurs grow their businesses and create jobs across the Middle …

The “Forsa” program is a job creation initiative aimed at providing employment opportunities to beneficiaries of the monetary subsidies program “Takaful w Karama”. With a budget of $400,000, the program …

The National Bank of Egypt (NBE) has acquired a 24%  Egyptian Arab Land Bank’s stake in Hyde Park Developments, a leading real estate developer.  This a move to diversify its …

On Sunday, the Minister of Social Solidarity, Nevine El-Kabbaj, conducted a review of the unified e-platform for economic empowerment. This platform is intended to facilitate the automation of all small …

Yesterday, Visa, a leader in digital payments, announced the continued expansion of its global value-added services business with the addition of three new AI-powered risk and fraud prevention solutions. The …

During a news conference on March 30, Egyptian Prime Minister Mostafa Madbouly announced that Egypt will receive the first installment of an expanded loan agreement with the International Monetary Fund …

Banque du Caire, a leading Egyptian bank, has received approval from the Central Bank of Egypt (CBE) to increase its issued and paid-up capital by EGP 9 billion, bringing it …