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Banking & Insurance

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30 November 2021 05:49 PM IsDB’s ICIEC signs agreement with Japan's NEXI to boost trade relations
Mubasher: The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has partnered with Japan-based Nippon Export and Investment Insurance (NEXI), the Export Credit Agency (ECA) of Japan, through a memorandum of …
Global Economy
Photo Archive
28 November 2021 02:17 PM Kuwait’s C.bank, CMA initiate campaign on crypto assets
Mubasher: The Central Bank of Kuwait (CBK) has collaborated with the Capital Markets Authority (CMA) to launch a joint financial literacy campaign on investing or dealing in crypto assets in the state, according to a press release on Sunday. …
Central Banks
Ahmed El-Alfi, Chairman of Sawari Ventures
22 June 2021 04:46 PM Startup Lounge: Tech offers great opportunities for success – Interview with Ahmed El-Alfi
By: Moslem Ali Cairo - Mubasher: In the second instalment of our interview with the Founder and Chairman of Sawari Ventures, Ahmed El-Alfi, we discuss the future of technology and the opportunities of startups to succeed as technological …
Macroeconomics
Ahmed El-Alfi, Chairman of Sawari Ventures
21 June 2021 01:01 PM Startup Lounge: High growth requires taking risks – Interview with Ahmed El-Alfi
By: Moslem Ali Cairo - Mubasher: Today’s guest in the Startup Lounge has played an integral role in developing the entrepreneurial scene in Egypt and the MENA region. He is one of the startup ecosystem leaders and investors who brought real …
Global Economy
SAMA has claimed the Global Impact Award 2021 for Aber
16 June 2021 03:21 PM SAMA says Aber project achieves main objectives
Riyadh – Mubasher: The Saudi Central Bank (SAMA) said the digital currency project Aber has succeeded to achieve its main objectives that mainly include understanding, experiencing, and analysing the maturity of the distributed ledger technology …
Banking and Finance
The Kom Ombo solar plant is expected to serve 130,000 households
22 April 2021 02:48 PM Egypt's largest solar plant secures $114m funding
Cairo – Mubasher: The European Bank for Reconstruction and Development (EBRD), the OPEC Fund for International Development (the OPEC Fund), the African Development Bank (AfDB), the Green Climate Fund (GCF), and Arab Bank signed a financing package …
Macroeconomics
The current cooperation portfolio between Egypt and the AfDB amounts to about $640.8 million
4 March 2021 02:07 PM Egypt inks EUR 109m deal with AfDB to finance sanitation services in Luxor
Cairo – Mubasher: The Ministry of International Cooperation and the African Development Bank (AfDB) signed a development financing deal worth EUR 109 million to provide sanitation services in residential communities in Luxor’s rural areas, …
International Agreements
The greenback slid to EGP 15.63 for purchasing
6 January 2021 05:51 PM EGP continues to advance against USD on rising foreign reserves
Cairo – Mubasher: The US dollar exchange rate dropped against the Egyptian pound by EGP 0.04 in the first week of 2021 as foreign reserves rose to more than $40 billion. According to data by the Central Bank of Egypt (CBE), the average exchange …
Central Banks
The USD registered EGP 15.59 for buying
9 November 2020 04:38 PM EGP advances against USD to highest level since early March
Cairo – Mubasher: The Egyptian pound exchange rate advanced against the US dollar to its highest level since 8 March, according to data by the Central Bank of Egypt (CBE). The USD registered EGP 15.59 for buying and EGP 15.72 for selling, the CBE …
Banking and Finance
The loan will finance the Electricity and Green Growth Support Program
2 November 2020 01:34 PM Egypt’s parliament approves EUR 225m loan from AfDB
Cairo – Mubasher: Egypt’s parliament approved the presidential decree no. 583 of 2020 regarding the EUR 225 million loan agreement signed on 8 June with the African Development Bank (AfDB), the Minister of International Cooperation, Rania …
International Agreements
International reserves grew to $38.425 billion at the end of September
1 November 2020 03:43 PM EGP rises against USD in 10 months
Cairo – Mubasher: The Egyptian pound exchange rate climbed against the US dollar on the back of the successful monetary policy of the Central Bank of Egypt (CBE), the increase in remittances of Egyptians living abroad, and the receipt of funds …
Banking and Finance
The webinar discussed the Road to Digital Transformation and Innovation
30 September 2020 00:33 PM Industry leaders discuss the future of digital transformation
By: Moslem Ali Cairo – Mubasher: The British Egyptian Business Association (BEBA) organized a webinar on Tuesday discussing “The Road to Digital Transformation and Innovation” to discuss the rising importance of digital transformation, especially …
Event
The USD registered EGP 15.72 for buying at NBE and ALEXBANK
10 September 2020 03:10 PM EGP rises against USD to highest level since mid-May
Cairo – Mubasher: The Egyptian pound exchange rate rose against the US dollar at local banks on Thursday, hitting its highest level since mid-May. The US dollar registered EGP 15.72 for buying and EGP 15.92 for selling, according to data by the …
Currencies
Prime Minister, Mostafa Madbouly
9 September 2020 03:53 PM Egypt’s cabinet approves EUR 225m funding deal with AfDB
Cairo – Mubasher: The Egyptian cabinet approved a presidential draft decree on the EUR 225 million agreement with the African Development Bank (AfDB) to finance the country’s electricity and green growth support programme.   The purpose of the …
Banking and Finance