SCZONE secures EGP 30bn long-term CIB financing for infrastructure and port upgrades
The Suez Canal Economic Zone (SCZONE) has secured EGP 30bn in long-term banking finance from Commercial International Bank – Egypt (CIB) over 17 years. This funding will repay and restructure a previous EGP 10bn loan and provide EGP 20bn in
Capital Markets Advisors Concludes Advisory Role in Al Baraka Bank Egypt’s Acquisition of Amlak Finance Egypt
Capital Markets Advisors, a subsidiary of Synergy Capital, has successfully completed its role as the exclusive buy-side advisor to Al Baraka Bank – Egypt in its full acquisition of Amlak Finance – Egypt, marking a significant milestone in the local
CBE attributes inflation slowdown to easing food prices for fourth consecutive month
Egypt’s annual urban headline inflation declined to 11.7% in September 2025, down from 12% in August, marking the fourth consecutive month of moderation, according to the Central Bank of Egypt (CBE). This deceleration was primarily driven by a sharp slowdown
HDB conducts cyberattack simulation in collaboration with Google Mandiant
The Housing and Development Bank (HDB) has conducted a tabletop exercise simulating a cyberattack, in collaboration with Google Mandiant, a global leader in cybersecurity and incident response. The exercise aimed to assess the efficiency and effectiveness of the bank’s cybersecurity
CBE, China’s National Financial Regulatory sign MoU to strengthen joint cooperation
In light of the historic ties between Egypt and China, Tarek El-Kholy, Deputy Governor of the Central Bank of Egypt (CBE), received Fu Wanjun, Vice Minister of the China National Financial Regulatory Administration (NFRA), and his accompanying delegation at the
FATF recognises Egypt’s experience as model for advancing financial inclusion within AML/CFT frameworks
The Financial Action Task Force (FATF) has recognised Egypt’s pioneering experience—led by the Central Bank of Egypt (CBE)—as an international best practice in promoting financial inclusion while ensuring compliance with anti-money laundering and counter-terrorist financing (AML/CFT) standards. Egypt’s experience was
Banking alliance grants EGP 7bn loan to Sky Innovo Developments for Park St. Edition project
A consortium of leading banks has concluded a long-term syndicated loan agreement worth EGP 7bn in favour of Sky Innovo Developments to finance part of the investment cost of the Park St. Edition project in New Cairo’s Golden Square. The
CBE launches Banking Reform, Development Fund
As part of its ongoing efforts to advance Egypt’s banking sector in line with international best practices, the Central Bank of Egypt (CBE) has announced the launch of the Banking Reform and Development Fund, along with the formation of its
saib participates in EGP 2.1bn syndicated loan for Tameer Developments’ Azad Views project
Saib Bank has joined a consortium of banks to arrange and underwrite a syndicated loan worth EGP 2.1bn for Tameer Real Estate Developments, aimed at financing part of the investment cost for the second and third phases of the company’s
CBE governor meets AFI chief to discuss financial inclusion progress
Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), met with Alfred Hannig, Chief Executive Officer of the Alliance for Financial Inclusion (AFI), on 7 April, in the presence of several CBE officials. During the meeting, Governor Abdalla expressed