AliExpress expands local currency payment options for shoppers in Egypt, across Africa
AliExpress, the global online retail marketplace, has announced a major expansion in its payment options for shoppers across Africa, including Egypt, South Africa, Algeria, Ethiopia, Morocco, and Tanzania. This initiative, launched in March, aims to provide a more seamless and
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Foreign asset surplus in Egypt’s banking sector reaches $5.2bn in 2024
The Central Bank of Egypt (CBE) reported that the net foreign assets of the Egyptian banking sector recorded a surplus of $5.224bn (EGP 265.898bn) in December 2024, down from $5.95bn (EGP 295.6bn) in November. According to the CBE’s latest report,