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Central Bank of Egypt keeps key interest rates unchanged, names acting governor

The Central Bank of Egypt (CBE) kept its interest rates unchanged on Thursday, a day after Governor Tarek Amer stepped down just over a...

EFG Hermes signs a $39.2 million sale and leaseback deal with Egypt’s Marakez

Egyptian universal bank EFG Hermes said Wednesday that its leasing and factoring arm has signed a $39.2 million (EGP 750 million) sale and leaseback...

UAE’s Chimera Investment acquires a 55.9% stake in Beltone Financial

Abu Dhabi-based Chimera Investment said Tuesday that it has acquired a controlling stake in Egypt’s Beltone Financial Holding as part of the private investment...

Saudi wealth fund PIF launches company for Egypt investments

Saudi Arabia’s Public Investment Fund (PIF) has launched a company that will invest in promising sectors throughout Egypt including financial services, infrastructure as well...

Bahrain’s Arab Financial Services expands business into Egypt

Bahrain-based Arab Financial Services (AFS) said Tuesday that it has expanded its regional footprint with the opening of a new office in Egypt as...

Telda secures central bank’s approval to start operations

Egypt’s first digital banking application Telda said Monday that it had secured the central bank’s final approval to start operating its card and application...

IMF calls talks with Egyptian authorities on new program “productive”

The International Monetary Fund (IMF) said that it held productive discussions during a staff visit to Egypt on economic policies and reforms to be...

Egypt secures $500 million from the World Bank to boost food security

The World Bank said Wednesday that it had agreed to provide Egypt with a $500 million (EGP 9.4 billion) loan to boost food security...

Egyptian fintech MNT-Halan’s Tasaheel issues $150 million in securitized bonds

Egyptian fintech startup MNT-Halan said Monday that its wholly-owned subsidiary, Tasaheel, has securitized $150 million of its loan book and plans to use the...

Egypt’s central bank keeps key interest rates unchanged

The Central Bank of Egypt (CBE) kept its interest rates unchanged on Thursday, saying the ongoing war in Ukraine is among the main external...

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