Economy

CBE launches 2022-2025 financial inclusion strategy

CBE launches 2022-2025 financial inclusion strategy

The Central Bank of Egypt on Sunday announced its financial inclusion strategy (2022-2025), which aims to enhance the financial inclusion…
Expert explains reasons for raising interest rates on US dollar certificates

Expert explains reasons for raising interest rates on US dollar certificates

Economic expert and lecturer at the American University in Cairo, Hani Genena, said that the main reason for Egyptian banks…
Egypt to establish global logistics zone in Aswan: Governor

Egypt to establish global logistics zone in Aswan: Governor

Aswan Governor Ashraf Attia announced that his governorate is working to establish a global logistics zone to become a commercial,…
Banque Misr, NBE raise return on US dollar certificates

Banque Misr, NBE raise return on US dollar certificates

Banque Misr decided to raise the return on the new US dollar stability certificates for a period of three years,…
CIB official explains decision to increase fees on abroad ATM withdrawals

CIB official explains decision to increase fees on abroad ATM withdrawals

Several Egyptian banks on Wednesday increased fees for using payment and credit cards abroad from three percent to six percent,…
Egypt concludes 1st commercial deal within AFCFTA

Egypt concludes 1st commercial deal within AFCFTA

The Egyptian Minister of Trade and Industry Ahmed Samir announced that Egypt has concluded its first trade deal within the…
Sawiris plans to establish four new hotels in Egypt

Sawiris plans to establish four new hotels in Egypt

Egyptian billionaire Naguib Sawiris plans to establish four hotels in Egypt, with investments ranging between US$200 and $300 million through…
Finance min. says Sisi reshaping Egypt’s economy

Finance min. says Sisi reshaping Egypt’s economy

Finance Minister Mohamed Maait said Wednesday that President Abdel Fattah al-Sisi is reshaping Egypt’s economy by empowering the private sector,…
US$16 billion worth of Kuwaiti investments in Egypt, official

US$16 billion worth of Kuwaiti investments in Egypt, official

  Member of the Egyptian-Kuwaiti Cooperation Council, Ahmed Kilany, said that the volume of Kuwaiti investments in Egypt exceeds US$…
Saudi Egyptian Investment Company acquires 34% of B.TECH

Saudi Egyptian Investment Company acquires 34% of B.TECH

The Saudi Egyptian Investment Company (SEIC), which is affiliated with the Saudi Public Investment Fund (the sovereign fund), acquired a…
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