Suez Canal Bank provides Ashry Steel Group with EGP 2.35bn credit facility to support expansion
Suez Canal Bank has signed a cooperation protocol to provide Ashry Steel Group with credit facilities valued at EGP 2.35bn. The funding aims to support the group’s working capital needs, enabling its expansion and increasing its capacity to meet domestic
CBE hosts inaugural meeting of African Financial Stability Committee
In line with presidential directives to boost Egyptian-African cooperation and integration, the Central Bank of Egypt (CBE) hosted the inaugural meeting of the African Financial Stability Committee (AFSC) from December 9–11, 2024. Under the leadership of CBE Governor Hassan Abdalla,
CBE reports decline in annual core inflation to 23.7% in November
The Central Bank of Egypt (CBE) has reported a slight decrease in annual core inflation, which dropped to 23.7% in November 2024, down from 24.4% in October 2024. Monthly core inflation for November 2024 stood at 0.4%, a decrease from
CIB Egypt launches Apple Pay for Faster, Safer, and more private payment experience
Commercial International Bank (CIB) Egypt, a pioneer private-sector bank in offering comprehensive financial services to individuals, businesses, and institutions in Egypt, has introduced Apple Pay to its customers. This innovative solution provides a safer, more secure, and private way to
Banque Misr presents Apple Pay, offering smooth, sound payment process
Banque Misr, a leading force in Egypt’s digital payment ecosystem, has partnered with Apple to introduce Apple Pay to its customers. This new offering provides a safer, more secure, and private way to make payments both in-store and online using
NBE unveils Apple Pay for seamless, secure payments
The National Bank of Egypt (NBE), the largest commercial bank in the country, has introduced Apple Pay to its customers. This innovative payment solution provides a safer, more secure, and private way to make transactions without the need to hand
Meeza National Payment Scheme Brings Apple Pay to its customers in Egypt
A faster, safer, more secure and private way to pay with iPhone, Apple Watch, iPad and Mac
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Egyptian banks launch Apple Pay tokenization
Several major Egyptian banks have activated card tokenization services through Apple Pay, following the Central Bank of Egypt’s (CBE) February 2023 approval of regulations for this technology. National Bank of Egypt, Banque Misr, and Commercial International Bank (CIB) are among
CBE hosts Mauritanian delegation to share Egypt’s best practices in financial literacy
In line with Egypt’s commitment to fostering stronger African cooperation across various sectors, the Central Bank of Egypt (CBE) hosted a delegation from the Financial Inclusion team at the Banque Centrale de Mauritanie (BCM). The visit aimed to facilitate peer
ADCB Egypt highlights sustainability achievements with EGP 4bn portfolio in mid-2024
Abu Dhabi Commercial Bank (ADCB) Egypt has reaffirmed its dedication to sustainability within the banking sector by prioritizing projects that promote environmental and social responsibility. As of June 2024, the bank’s sustainable financing portfolio reached EGP 4bn, reflecting its commitment