Egypt’s Reserves Passed US$57bn, and Gold Did the Heavy Lifting
Egypt foreign reserves reached a record US$57.214bn in August 2026, but the rise came from gold, as currency holdings fell...
September 8, 2026Topic
Cairo
Egypt Net Foreign Assets Reach US$28.4 Billion in July
Egypt net foreign assets in the banking system reached US$28.4 billion in July. Much of the rise came from a...
September 6, 2026
Egypt and Russia Talk Up a Reactor and an Unopened Suez Zone
Egypt Russia relations were reviewed in a ministers call covering the El-Dabaa nuclear plant and a Suez industrial zone still...
August 29, 2026
Afreximbank’s Profit Rose 30% in a Rough Year for Its Members
Afreximbank half-year results show net income of US$534.7 million, up 30%, with loans at US$35.4 billion and the bad-loan ratio...
August 26, 2026
Egypt Lets You Open a Bank Account Online
Egypt's central bank has issued rules for opening a bank account remotely, without visiting a branch. Here is what the...
August 24, 2026
First Abu Dhabi Bank Misr Posts Strong Profit Growth in Egypt
FABMisr profit growth: First Abu Dhabi Bank Misr's Egypt unit posted EGP 15.8 billion (about US$330 million) net profit in...
August 18, 2026
Egypt’s US$8bn IMF Programme Ends 15 December
Egypt's US$8 billion IMF programme expires on 15 December 2026 after a seventh review that released about US$1.8 billion.
August 17, 2026
HSBC Exits Egypt Retail Banking in US$300 Million Sale to Emirates NBD
HSBC Egypt retail sale to Emirates NBD ends 44 years of consumer banking, books a US$300 million pre-tax gain and...
August 6, 2026
Chinese Investment in Egypt Tops US$10 Billion, PM Says
Chinese investment in Egypt has passed US$10 billion, the prime minister says, though Cairo has not said what the figure...
August 4, 2026