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1 December 02:15 PM Egypt approves $271m financing agreement with ADF
Cairo – Mubasher: The Egyptian cabinet has approved a draft decision regarding a financing agreement worth $271 million between Egypt and the African Development Bank (ADF) for a programme to support food security and economic resilience.  This …
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1 December 11:28 AM CBE offers EGP 26bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 26 billion through two tranches on Thursday, 1 December. The first offering stood at EGP 4.50 billion and will mature in 182 days on 6 …
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1 December 10:20 AM UAE’s AMEA Power to deploy renewable energy projects in Egypt with $1.1bn investments
Cairo – Mubasher: Egypt’s Prime Minister, Mostafa Madbouly, has witnessed the signing ceremony of financial closure agreements between UAE’s AMEA Power and a number of international financing institutions at $1.10 billion. AMEA Power will …
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30 November 04:45 PM Saudi Arabia extends terms of $5bn deposit for CBE
Riyadh – Mubasher: Saudi Arabia has extended the term of a deposit valued at $5 billion for the Central Bank of Egypt (CBE), Saudi Press Agency (SPA) reported.  The decision comes in line with the Kingdom's objective to boost cooperation between …
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27 November 05:06 PM Over 39m Egyptian citizens have bank accounts - CBE
Cairo – Mubasher: The Central Bank of Egypt (CBE) announced that the financial inclusion rate soared by 131% during the period from 2016 to June 2022, the Middle East News Agency (MENA) reported on Sunday. Out of the 65.40 million citizens aged 16 …
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27 November 04:47 PM CBE to issue two-type T-bonds worth EGP 13.5bn on Monday
Cairo - Mubasher: The Central Bank of Egypt (CBE) will issue treasury bonds (T-bonds) worth EGP 7.50 billion through one offering on Monday, 28 November. The tranche holds a three-year tenor until 1 November 2025, according to official data. …
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27 November 10:40 AM CBE auctions T-bills worth EGP 28.5bn on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at an aggregated value of EGP 28.50 billion through two tranches on Sunday, 27 November. Holding a 91-day maturity period until 28 February 2023, the first auction …
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24 November 02:54 PM Egypt’s President approves EUR 776.9m loan agreement with France
Cairo – Mubasher: Egypt’s President Abdel Fattah El-Sisi has issued a presidential decree approving a EUR 776.90 million loan agreement with France, the Middle East News Agency (MENA) reported. The agreement was signed between the Egyptian …
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24 November 02:21 PM NBK-Egypt announces higher profits in 9M-22
Cairo – Mubasher: The net profits of the National Bank of Kuwait-Egypt (NBK-Egypt) grew by 22.55% annually during the first nine months of 2022 to EGP 1.28 billion (KWD 22.80 million), compared to EGP 1.05 billion (KWD 20.30 million) in the …
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24 November 12:46 PM HD Bank’s consolidated profits jump 26% in 9M-22
Cairo – Mubasher: The consolidated financial statements of the Housing and Development Bank (HD Bank) indicated a 26.40% growth in the bank’s net profits during the first nine months (9M) of 2022. HD Bank generated EGP 1.99 billion in net profits …
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24 November 10:49 AM CBE issues EGP 26.5bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) offered treasury bills (T-bills) at a combined value of EGP 26.50 billion through two auctions on Thursday, 24 November. The first issue stood at EGP 5 billion and will mature in 182 days on 30 May …
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24 November 09:27 AM Tatweer Misr receives EGP 400m loan from CIB
Cairo – Mubasher: Tatweer Misr has obtained financing worth EGP 400 million from the Commercial International Bank-Egypt (CIB) against units of the Fouka Bay project’s handover.  The real estate developer will use the funding to speed up the …
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21 November 12:34 PM CBE offers two-type T-bonds worth EGP 12.75bn on Monday
Cairo - Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bonds (T-bonds) at a total value of EGP 7.25 billion through two offerings on Monday, 21 November. The first issue stood at EGP 250 million and will mature in seven years on 7 …
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20 November 02:08 PM Banque du Caire sets up Cairo Exchange with EGP 250m authorised capital
Cairo – Mubasher: Banque du Caire concluded the establishment of the Cairo Exchange Company with an authorised capital of EGP 250 million and an issued and paid-up capital of EGP 100 million, after obtaining the Central Bank of Egypt’s (CBE) …
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20 November 10:25 AM CBE offers EGP 27.5bn T-bills on Sunday
Cairo – Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bills (T-bills) at a total value of EGP 27.50 billion through two tranches on Sunday, 20 November. With a maturity period of 91 days until 21 February 2023, the first offering …
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17 November 03:45 PM Remittances from Egyptians abroad top $20bn in 8 months
Cairo – Mubasher: Remittances from Egyptians living abroad hit $20.90 billion during the period from January to August 2022, versus $21.40 billion in the same period of 2021, Akhbar El-Yom cited a statement by the Central Bank of Egypt (CBE). In …
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17 November 02:51 PM Suez Canal Bank posts 95% higher profits in 9M-22
Cairo – Mubasher: Suez Canal Bank posted a 94.90% leap in its net profits during the first nine months (9M) of 2022 at EGP 734.75 million, compared to EGP 376.97 million in the year-ago period. Earnings per share (EPS) recorded EGP 2.23 in 9M-22, …
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17 November 01:46 PM HD Bank’s standalone profits rise to EGP 1.75bn in 9M-22
Cairo – Mubasher: The separate financial statements of the Housing and Development Bank (HD Bank) showed an increase of 22.20% in the bank’s standalone net profits during the first nine months (9M) of 2022. The lender logged EGP 1.75 billion in …
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17 November 11:02 AM CBE auctions EGP 25.5bn T-bills on Thursday
Cairo – Mubasher: The Central Bank of Egypt (CBE) issued treasury bills (T-bills) at a combined value of EGP 25.50 billion through two auctions on Thursday, 17 November. The first offering stood at EGP 4.50 billion and will mature in 182 days on …
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17 November 12:06 AM Banque du Caire's EGX listing measures extended to 2023
Cairo – Mubasher: The Financial Regulatory Authority (FRA) has approved for Banque du Caire to extend the deadline for completing the offering and listing procedures until 31 March 2023. The FRA stressed that the bank must complete the required …
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14 November 04:42 PM EBE’s profits advance 126% in 9M-22
Cairo – Mubasher: Export Development Bank of Egypt (EBE) recorded consolidated net profits of EGP 993.53 million in the first nine months of 2022, a yearly jump of 125.60% from EGP 440.34 million, including minority shareholders’ rights. The …
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14 November 11:51 AM Al Baraka Bank-Egypt’s profits grow 23% in 9M-22
Cairo – Mubasher: Al Baraka Bank-Egypt logged a 22.54% annual jump in its consolidated net profits at EGP 1.25 billion during the period from January to September 2022, compared to EGP 1.02 billion, including minority shareholders’ rights.   Basic …
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14 November 10:46 AM CBE issues two-type T-bonds worth EGP 14bn on Monday
Cairo - Mubasher: The Central Bank of Egypt (CBE) auctioned treasury bonds (T-bonds) at a combined value of EGP 8 billion through two issues on Monday, 14 November. With a five-year tenor until 13 October 2027, the first tranche was valued at EGP …
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14 November 10:19 AM Egypt’s NWFE initiative receives over $10bn during 1st week of COP27
Cairo – Egypt: The first week of the 2022 United Nations Climate Change Conference (COP27), taking place in Sharm El-Sheikh city under the theme of "Together For Implementation", witnessed extensive bilateral exhibitions and meet-ups for the …
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14 November 09:43 AM EIB to inject $1.5bn in Egypt for water projects
Cairo – Mubasher: The European Investment Bank (EIB) plans to provide new financing of $1.50 billion to Egypt for water treatment projects, EIB Vice-President, Gelsomina Vigliotti, told Asharq Business on the sidelines of COP27 currently taking …