Egypt currently houses between 8 and 9 million refugees from 133 countries. Beyond the staggering numbers, it is important to remember that they are not just individuals, but also …
Economy
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On Thursday, January 25, Egypt’s Minister of Social Solidarity, Dr. Nevine Al-Kabbag launched the “Herafy” or “Craftsman” Program, in collaboration with the Central Bank of Egypt and several Egyptian banks to …
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EconomyHighlightsLifestyle
B.TECH, Carerha Sign MoU to Nurture Women’s Role in ICT & Entrepreneurship Sectors
B.TECH, Egypt’s leading integrated omnichannel retailer and consumer finance platform, inked a memorandum of understanding (MoU) with Carerha, a leading Ed-Tech platform that empowers women economically and fosters inclusive workplaces, to …
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EconomyHighlights
Crédit Agricole Egypt Foundation for Development, Schneider Electric Launch Community Development Projects in Menoufia
Schneider Electric and Crédit Agricole Egypt Foundation have jointly announced the inauguration of community development projects in the villages of Shubra Qubala and Mit El Qasri in Menoufia Governorate, as …
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The UK-based Standard Chartered Bank was licensed by the Central Bank of Egypt (CBE) for its branch headquarters in Egypt. Standard Chartered Bank’s inaugural Egyptian branch was originally announced …
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The Central Bank of Egypt (CBE) has extended the guidelines requiring banks to distribute 25% of their credit facilities portfolio to micro, small, and medium-sized firms (MSMEs) for one year …
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EconomyHighlights
CBE Declares Next Thursday a Paid Holiday to Celebrate January 25 Revolution, Police Day
Earlier today, the Central Bank of Egypt (CBE) announced that next Thursday, January 25, will be an official paid holiday for all Egyptian banks to commemorate the anniversary of the …
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Egypt’s Commercial International Bank (CIB) has just increased the interest rate on the triple option certificate of deposits to 22% for the monthly interest disbursement period. CIB provides certificates with …
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In an attempt to cope with the foreign currency shortage, Al Baraka Bank Egypt and EG-Bank have joined other Egyptian banks in temporarily limiting international credit card cash withdrawals. The …
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Soha Gendi, Minister of State for Emigration and Egyptian Expatriates’ Affairs, stated that the ministry is eager to provide additional incentives and privileges to Egyptian expatriates in a variety of …
