BankingFeaturedEgypt urges domestic banks to set limit on daily withdrawal and depositsInternational Finance Business DeskMarch 31, 2020March 31, 2020 by International Finance Business DeskMarch 31, 2020March 31, 2020 The new limit would allow individuals to withdraw 10,000 Egyptian pounds and companies 50,000 pounds... Read more
EconomyFeaturedEgypt’s external debt increases 17.47% to $109.363 bn last SeptemberInternational FinanceJanuary 20, 2020March 18, 2020 by International FinanceJanuary 20, 2020March 18, 2020 The World Bank estimates Egypt’s volume of long-debt to be more than $98.3 billion... Read more
BankingBank Audi to increase SME loan portfolio to EGP 5 bn by 2019 endInternational Finance DeskDecember 16, 2019 by International Finance DeskDecember 16, 2019 Central Bank of Egypt expects banks to increase SME loans on their portfolios by 20 percent by 2020... Read more
BankingCIB to become first Egyptian bank in Kenya with Mayfair acquisitionInternational Finance DeskDecember 3, 2019 by International Finance DeskDecember 3, 2019 CIB hasidentified Tanzania and Uganda as potential markets for its Africa expansion... Read more