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Central Bank of Egypt sets up new cash management company with banks
STARTUP WATCH- CBE, state-owned banks found cash-management company: The Central Bank of Egypt (CBE) and state-owned Banque Misr, Banque du…
Egypt’s foreign reserves rise for fourth month running in September
Foreign reserves inched upwards for the fourth consecutive month in September, rising to USD 38.43 bn from USD 38.37 bn…
Egypt: Inflation edges up slightly in September but is still near record low
Inflation edges up slightly in September — but is still near record low: Egypt’s annual urban inflation accelerated to 3.7%…
Egyptian industries’ overall performance dropped 25.4% since the onset of the pandemic
Egyptian industries’ overall performance dropped 25.4% since the onset of the pandemic, with the drop driven primarily by weak domestic…
Falling inflation could lead to a delicate balancing act on interest rates
A delicate balancing act on interest rates: A too-sharp decline in Egypt’s September inflation figures could result in “consultations” with…
National Bank of Egypt seeks CBE approval to launch digital banking services
The National Bank of Egypt has requested Central Bank of Egypt approval to launch its planned digital bank, which it…
Samcrete to back Alday Development’s USD 12 mn EBRD loan
Samcrete has agreed to guarantee subsidiary Aldau Development’s planned USD 12 mn loan agreement with the European Bank for Reconstruction…
Enterprise Explains: The carry trade
Enterprise Explains: The carry trade: Much has been made recently about the return of the carry trade to Egypt, long…
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