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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…
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…
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…
What we’re tracking on 6 October 2020
Good morning, wonderful people, and welcome to the next-to-last business day of the week as banks and the EGX prepare…
Egypt’s NUCA signs EGP 50 bn syndicated loan agreement
The New Urban Communities Authority (NUCA) has borrowed EGP 50 bn from a consortium of local banks headed by the…
Mobile operators are bidding to become Africa’s bankers
Africa’s mobile network operators are using the pandemic as a chance to (literally) bank on the continent’s huge growth potential.…
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