Banque Misr and the National Bank of Egypt (NBE) cut interest rates on their three-year term certificates of deposit (CDs) in US dollars by 0.5%, effective March 17th.

The National Bank of Egypt (NBE) has granted long-term financing worth EGP 953 million to EKC Egypt to establish the first factory of its kind in Egypt and Africa to produce compressed natural gas (CNG) cylinders.

Al Ahly Pharos Investment Banking has concluded advisory on Capital Securitization Company’s EGP 5.05 billion securitization issuance

Al Ahly Capital acquired an additional 46.55% stake in the capital of Easy Lease Company’s capital from Elsewedy Capital Holding

El Zahy Group, a local player in the construction sector, has signed a syndicated loan agreement worth EGP 4.2 billion with the National Bank of Egypt (NBE), Banque Misr, and QNB Egypt.

The National Egyptian Railway Industries Company (NERIC) has signed a joint financing contract with the National Bank of Egypt (NBE), Commercial International Bank of Egypt (CIB), and Arab African International Bank (AAIB) to back the development of a new factory in East Port Said.

Banque Misr reduced interest rates on its high-interest USD certificates of deposit (CDs) by 0.5%.

Chairman of Banque Misr Mohamed El-Etreby confirmed the upcoming leadership changes at Egypt's largest two public banks.

The National Bank of Egypt (NBE) has raised its foreign currency credit card purchase limit for customers abroad, increasing the monthly cap from EGP 240,000 to EGP 300,000, depending on the card type.

The National Organization for Social Insurance (NOSI) has signed a cooperation protocol with the National Bank of Egypt (NBE) and Fawry for Banking Technology and Electronic Payment to activate e-payment mechanisms for several entities.

Al Ahly Capital, the investment arm of the National Bank of Egypt (NBE), announced the upcoming launch of a new consumer finance company by the end of this year or early 2025, CEO and Managing Director Karim Saada told Asharq Business.

he National Bank of Egypt (NBE) has reduced foreign exchange (FX) markup fees to 5% from 10% for credit cards.

The International Monetary Fund (IMF) and the Egyptian authorities have reached a staff-level agreement on economic policies and reforms for the third Extended Fund Facility (EFF) review, under which Egypt could access about $820 million.

The European Bank for Reconstruction and Development (EBRD) is providing an initial loan of $119.5 million to the National Bank of Egypt (NBE) to back micro, small-, and medium-sized enterprises (MSMEs).

The National Bank of Egypt, the country's largest government bank, has removed the cap on credit card usage for international transactions.

Evolve Investment Holding is planning to launch a gold investment fund for a subsidiary of the National Bank of Egypt (NBE) by end-May.

The Egyptian National Authority for Tunnels (NAT) is seeking to borrow EGP 16.3 billion from a consortium of local banks to finance the remaining civil construction works of the first line of the high-speed electric railway network.

The National Bank of Egypt (NBE) and Al Ahli Sabbour have officially launched a joint venture (JV), dubbed Mint Real Estate Assets, to develop and maximize the value of real estate investments and assets in Egypt.

The National Bank of Egypt (NBE) has acquired the Egyptian Arab Land Bank's share of 24% stake in Hyde Park Developments.

The National Bank of Egypt (NBE) intends to invest up to EGP 5 billion in new and existing projects during 2024, Ahmed Al-Saeed, head of the bank’s investment sector.