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NBK—Egypt’s 9M2022 net profits surges by 22.55% to EGP 1.29 billion on corporate credit...

National Bank of Kuwait—Egypt (NBK)  has reported a net profit of EGP 1.29 billion for the first nine months of 2020, a 22.55% year-on-year...

Egypt nears deal with IMF after staff-level agreement

Egypt’s finance minister reportedly said that his country has finalised a staff-level agreement with the international monetary fund (IMF) on the components of its...

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...

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...