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News

Import restrictions led to 2022 auto sales plummeting by more than a third | AMIC

Passenger car sales dropped by close to 40% year-on-year (YoY), with bus and truck sales also falling by a third

Banque du Caire receives $100M from EBRD and BII

The long-term Tier II financing will accelerate Banque du Caire’s growth plans by improving capital and guaranteeing much-needed funds to increase the bank’s growth in various sectors

Egypt’s net foreign assets improved by EGP 47.28B in Dec. 2022 | CBE

NFAs improved to minus EGP 494.3 billion from November 2022’s minus EGP 541.5 billion, up around $2.06 billion

State-owned banks secured EGP460B through 25-22.5% CDs, to be pulled off market later today

The two state banks announced that they would stop issuing the high-yield CDs later today

Export Development Fund allocated EGP 42.5B since 2019 to support exports | FinMin

Egypt has been working on developing its production and export sector to reach its goal of $100 billion in exports