Banks in Egypt report EGP 152.8bn in net profits for Q1 2025: CBE
Banks operating in the Egyptian market recorded net profits of approximately EGP 152.76bn during the first quarter of 2025, according
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Hossam Mounir
13:23
ETA pledges to remove obstacles facing industry to maximize benefits of new incentives
Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), affirmed the government’s strong commitment to supporting the industrial sector—a
Hossam Mounir
12:22
Market eyes effects of 1% interest rate cut on savings, loans, and debt securities
The market is gearing up for the reopening of banks tomorrow, Sunday, after their weekly closure, to gauge the impact
Hossam Mounir
06:19
Deputy PM discusses mechanisms, regulations for organizing industrial development
Kamel Al-Wazir, Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, convened a comprehensive meeting with Mahmoud
Hossam Mounir
04:22
Islamic banking in Egypt increases to EGP 1.14trn in 2024
The Islamic banking sector in Egypt reached EGP 1.14trn in 2024, representing approximately 5% of the total banking market, according
Hossam Mounir
07:20
Reefy Microfinance pumps EGP 4bn into Egypt’s economy in 2024
Reefy Microfinance Enterprise Services has injected EGP 4bn in financing during 2024, pushing the company’s total funding since its establishment
Hossam Mounir
04:20
CIB leads syndicated loan of EGP 9bn for Madinet Masr in partnership with 6 banks
The Commercial International Bank—Egypt (CIB), acting as the lead arranger and financier, has successfully arranged a syndicated loan worth EGP
Hossam Mounir
04:21
Egypt’s annual urban inflation slows to 25.5% in November 2024
Egypt’s annual urban inflation rate eased to 25.5% in November 2024, down from 26.5% in October, according to the Central
Hossam Mounir
06:27
Egypt-AU trade exchange rises 5.7% to $9.2bn in 2023
Trade exchange between Egypt and the African Union countries reached $9.2bn in 2023, up from $8.7bn in 2022. This marks
Hossam Mounir
05:21
FRA-supervised entities offer EGP 51.5bn finance until August 2024
The Financial Regulatory Authority (FRA) has revealed that the organizations subject to its supervision, including capital market and non-banking financing
