Egyptian banks’ net interest margins (NIMs) are expected to withstand the impact of major interest rate cuts likely to be introduced by the Central Bank of Egypt (CBE) this year.

taly, a leading digital payments platform in Egypt, has teamed up with Telda to launch a game-changing service that enables Telda users to deposit funds into their accounts instantly using any bank card.

Al Baraka Group held its first Annual Group Compliance Meeting (AGCM) at its headquarters in Bahrain, with the participation of all its subsidiaries, on December 2nd and 3rd.

The Egyptian pound continued its downward trajectory against the US dollar, reaching a new record low as pressures on the local currency persist amid ongoing economic challenges.

Al Baraka Bank Egypt has introduced its new mobile banking application as part of its 2023–2025 strategic plan.

First Abu Dhabi Bank Misr (FABMISR) has been awarded the title of "Best Bank in Terms of Investor Services and Attracting Foreign Investments to Egypt for the Year 2024" by the World Union of Arab Bankers (WUAB).

Fitch Ratings has upgraded the long-term issuer default ratings (IDRs) of four major Egyptian banks to 'B’ from ‘B-,' with a stable outlook.

The Capgemini Research Institute has published the World Cloud Report for Financial Services 2025, highlighting a major difference in how traditional banks and new-age fintech firms approach cloud technology investments.

Mashreq, a leading financial institution in the MENA region, has launched its clean-up expedition in Egypt as part of the bank’s global initiative to clean up 14 mountain sites around the world.

The Central Bank of Egypt (CBE) has directed banks to allow youth aged 15 to 21 to open bank accounts without requiring parental consent.

The Egyptian government is set to pay off $3 billion in loans to Gulf-based banks in November via the country’s dollar resources.

The Central Bank of Egypt (CBE) has withdrawn EGP 992.45 billion in excess liquidity from banks through the fixed-rate auction held on November 5th.

ALEXBANK has appointed Paolo Vivona as Executive Member of the Board of Directors, Chief Executive Officer, and Managing Director and Antonio Bergalio as Executive Member of the Board of Directors and Deputy CEO.

The Egyptian Petrochemicals Holding Company (ECHEM) is planning to secure $700 million in financing from foreign banks.

The government is working on the state’s initial public offering (IPO) program and will make important announcements soon regarding the offering of several airports and banks.

The Egyptian government is seeking to increase the volume and amount of multilateral concessional financing secured from development banks, international institutions, and bilateral partners.

Egyptian Minister of Investments and Foreign Trade Hassan El-Khatib has met with representatives of international banks to probe boosting investments in Egypt.

Qalaa Holdings has sealed a debt settlement agreement with four banks for a total of EGP 4.547 billion.

Egypt’s net foreign assets (NFAs) hit a surplus of EGP 644.764 billion in July, versus a deficit of EGP 812.408 billion in the same month last year, as per data from the Central Bank of Egypt (CBE).

First Abu Dhabi Bank Misr (FABMISR) achieved a net profit of EGP 15.8 billion in the first half (H1) of 2024, up by 139% year on year (YoY).