HSBC hosted its Economic Roadshow in Egypt last November, gathering 300 clients, business leaders, and industry experts to discuss key developments shaping global markets and Egypt’s recovery journey.

Around 90% of Egyptian businesses are expected to increase their trade with Saudi Arabia over the next five years, according to an emailed HSBC report.

Simon Williams, HSBC’s chief economist for Central and Eastern Europe, Middle East and Africa (CEEMEA), and Helen Belopolsky, the bank’s global head of geopolitical risk, presented their outlook on Egypt’s economy to clients and stakeholders during a series of exclusive briefings held last week at HSBC Egypt’s Head Office.

Beyti, an Almarai subsidiary, penned a new facility agreement with HSBC Bank Egypt to secure a sustainable linked loan agreement worth EGP 1.8 billion

HSBC Egypt is planning to launch a fund worth EGP 1.5 billion (around $31.5 million) to invest in small and medium-sized enterprises (SMEs) operating within the fintech sector in Egypt.

Mastercard has teamed up with HSBC Middle East to launch Mastercard Wholesale Program in the region.

HSBC Global Research forecasts potential policy shifts by the Central Bank of Egypt (CBE) during its May Monetary Policy Committee (MPC) amidst Egypt's stable inflation landscape.

The General Authority for Investment and Free Zone (GAFI) has signed a memorandum of understanding (MoU) with HSBC Bank Egypt to back the authority’s strategy of luring foreign direct investment (FDIs) to Egypt.

The UK-based bank HSBC expected a further devaluation of the Egyptian pound during the first quarter (Q1) of 2024, which could range between EGP 40 and EGP 45 against the US dollar.

Egyptian Minister of International Cooperation Rania Al-Mashat met with Executive Vice President of HSBC Bank David Eldon to mull ways of strengthening cooperation.