Banking
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Egypt’s annual city inflation eases to 14.3% in June as meals costs gradual: CBE
Egypt’s annual city headline inflation eased to 14.3% in June 2026, down from 14.6% in Might, as a pointy slowdown in meals inflation offset continued will increase in non-food costs, in accordance with the Central Financial institution of Egypt (CBE). The CBE stated the moderation was primarily pushed by annual meals inflation, which slowed to five.4% in June from…
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EGX marks 30 years since CIB launched Egypt’s first Global Depositary Receipts programme
The Egyptian Trade (EGX) marked the thirtieth anniversary of Industrial Worldwide Financial institution – Egypt’s (CIB) launch of its International Depositary Receipts (GDRs) programme in worldwide markets with a particular opening bell ceremony, celebrating a milestone that helped join Egypt’s capital market with international traders and increase the financial institution’s worldwide presence. The occasion commemorated some of the vital milestones…
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CIB leads EGP 18bn syndicated loan for Orascom Development’s O West project
Orascom Improvement Egypt (ODE), one in every of Egypt’s main actual property and tourism builders, introduced that its subsidiary, Orascom Actual Property, has secured a 10-year syndicated financing facility value EGP 18bn from the Business Worldwide Financial institution-Egypt (CIB), Banque Misr, and the Nationwide Financial institution of Egypt (NBE) to help the continued improvement of its flagship O West mission…
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Egypt’s net international reserves rise $3.6bn in H1 2026 to record $55.1bn
Egypt’s internet worldwide reserves (NIR) elevated by roughly $3.62bn through the first half (H1) of 2026, reaching a file $55.072bn in June, up from $51.452bn in December 2025, in accordance with the Central Financial institution of Egypt (CBE). The CBE stated NIR rose steadily all through the primary six months of the yr, standing at $52.594bn in January, $52.746bn in…
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Egypt’s balance of payments deficit narrows 2.9% to $1.8bn in July-March FY2025/26: CBE
Egypt’s overall balance of payments (BoP) deficit narrowed by 2.9% to $1.8bn during the first nine months of fiscal year (FY) 2025/26, compared with $1.9bn in the same period a year earlier, supported by stronger foreign direct investment (FDI), rising workers’ remittances, and higher tourism and Suez Canal revenues, according to the Central Bank of Egypt (CBE). The CBE said…
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Saib Bank signs EGP 300m financing agreement with Erada Finance to support MSMEs
Saib Bank has signed a medium-term financing agreement worth EGP 300m with Erada Finance to expand funding for micro, small and medium enterprises (MSMEs), reinforcing its efforts to increase financial inclusion and support private sector growth. Afdal Naguib, CEO and Managing Director of saib Bank, said the financing forms part of the bank’s ongoing strategy to strengthen support for the…
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CBE explains rationale for holding interest rates steady for third consecutive meeting
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) explained the rationale behind its decision to leave key policy interest rates unchanged for the third consecutive meeting, saying the move reflects its assessment of recent inflation developments and the outlook since its previous meeting. At its meeting last Thursday, the Committee decided to maintain the overnight deposit…
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CBE to decide fate of EGP interest rates tomorrow
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its fourth scheduled meeting of the year on Thursday to decide the future of the central bank’s key policy rates, which serve as a key indicator of the short-term direction of interest rates on the Egyptian pound. Market expectations strongly favour a third consecutive…
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Banks operating in Egypt post EGP 218.4bn in net profits in Q1 2026
Banks operating in Egypt recorded combined net profits of EGP 218.410bn during the first quarter (Q1) of 2026, according to a report published on Sunday by the Central Bank of Egypt (CBE). The report showed that net interest income reached EGP 284.472bn, while net operating income totalled EGP 306.121bn. Total expenses amounted to EGP 87.711bn. According to the CBE, the…
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CBE issues new rules governing banks’ investments in corporate, securitisation bonds
The Central Bank of Egypt (CBE) has introduced a new package of supervisory regulations governing banks’ investments in corporate bonds and securitisation bonds, as part of its ongoing efforts to monitor developments in the banking sector and strengthen the management of risks associated with such investments, thereby reinforcing the safety and stability of the banking system. In a circular issued…
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