Strong expectations for CBE to hold interest rates
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its second regular meeting of the year, on Thursday, to decide on key interest rates, which serve as a strong indicator of the direction
Egypt’s CIB named Africa’s best sustainable finance bank for 2025
Commercial International Bank (CIB) has been named the best bank for sustainable finance in Africa for 2025, an achievement recognised on Tuesday at a ceremony attended by Central Bank of Egypt (CBE) Governor Hassan Abdalla. The event, hosted by the
Banque du Caire signs $16.7m financing deal with Kandil Glass to fund Suez expansion
Banque du Caire has signed a new financing agreement with the Kandil Glass Group to support the company’s capital expansion, including the establishment of a new glass production facility in the Ataqa Free Zone in Suez governorate. The financing package
HSBC Egypt, Hong Kong TDC boost garment, textiles trade corridor
HSBC Egypt, in collaboration with the Hong Kong Trade Development Council (HKTDC), hosted the Hong Kong Garment and Textiles Business Mission at its Cairo headquarters, bringing together 12 leading Hong Kong apparel and textile companies to explore investment prospects in
Private Banking launch at QNB Egypt redefines regional excellence: Group CEO
In a move underscoring its commitment to delivering differentiated, client-centric banking solutions, QNB Group has celebrated the launch of Private Banking services at QNB Egypt. The new offering provides a fully integrated banking experience tailored to an elite segment of
Record 2025 results, digital leap drive Suez Canal Bank’s growth: CEO El-Maghraby
Akef El-Maghraby, Chief Executive Officer and Managing Director of Suez Canal Bank, said the bank achieved unprecedented financial and operational results in 2025, consolidating its position in Egypt’s banking sector through a comprehensive strategy that combined strong financial performance, accelerated
ADIB-Egypt leads Islamic banking market in 2025, reports EGP 12.6bn in net profit
Abu Dhabi Islamic Bank–Egypt (ADIB-Egypt) announced record financial results for 2025, driven by robust performance across all business lines and sustained operational growth. The bank’s annual results showed strong year-on-year expansion across key financial indicators. Total assets increased by EGP
Futures contracts: Diversifying financial instruments and building a competitive, transparent market
The decision by the Financial Regulatory Authority (FRA) to grant the Egyptian Exchange (EGX) a licence to establish and operate a futures exchange marks a pivotal moment in the evolution of Egypt’s capital markets. It reflects a strategic shift towards
Market awaits impact of 1% rate cut on savings, loans, and government debt
The Egyptian market is awaiting banks’ return to work on Sunday to assess how lenders will adjust interest rates on savings products and loan facilities following the decision by the Central Bank of Egypt (CBE) to cut key rates by
Strong expectations of 1-2% cut in EGP interest rates at CBE’s first meeting of 2026
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its first regular meeting of 2026 on Thursday to decide the fate of key policy rates – the main indicator of the short-term direction