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AI + Innovation (MENA) 
Infrastructure 
Fintech startups can now apply for temporary licenses
Fintech startups will need to meet a minimum capital requirement of EGP 15 mn to be eligible for the temporary…
Banks impose minimum interest rate of 24% on secured loans
The new minimum came into effect on Monday following instructions from the CBE
CBE instructs all local banks to charge a minimum 24% interest rate on all secured loans
Good afternoon, friends. It’s an eerily calm news day here at home so far, although we have a feeling it’s…
FX reserves flat in December
Our total FX reserves now stand at USD 35.2 bn
Current account deficit narrows in 1Q 2023-2024
This is the second quarterly BoP surplus in a row and the third quarterly surplus since 2014
New 27% CDs bring in EGP 11 bn on day one
The two banks introduced the record-high yield CDs over the weekend
High-record yield on new CDs + Price hikes for public and private utilities and services
Good morning, ladies and gentlemen, and happy Friday. We hope that this work week and longer weekend make our start…
Egypt’s net foreign liabilities improve slightly in November
The country’s net foreign deficit shrank to USD 27 bn in November
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