Egypt Edition 
MENA+ Edition 
UAE Edition 
Saudi Edition 
AI + Innovation (MENA) 
Infrastructure 
CIB’s bottom line grew 39% in 1Q 2025
The bank’s top line climbed 24% y-o-y during the quarter.
Foreign reserves increase by USD 387 mn in April to USD 48.1 bn
Net foreign reserves have increased by USD 12.8 bn since the Ras El Hekma agreement and EGP float
Current account deficit rises to USD 11.1 bn in 1H FY 2024-2025
The trade deficit rose to 47.4% during the period
Net foreign assets increase for the third month running, recording USD 15.4 bn in March
Commercial banks recorded their first surplus since August
El Sisi ratifies new Labor Law
PLUS- A EGP 1.4 bn factory for blood collection bags is in the works
Local banks rush to cut rates on savings following interest rate cut
The nation’s talking heads are picking up on banks moving to cut rates on their saving products as they react…
Checking in on the Green Economy Financing Facility program in Egypt
The GEFF wrapped up its first phase, with more phases in the pipeline
CBE cuts rates for the first time since November 2020
The CBE indicated that the “sharp decline in annual headline inflation” in 1Q 2025 created “ample room for commencing the…
Something went wrong. Please refresh the page and/or try again.