City Edge Developments (CED) signs a cooperation protocol with the Commercial International Bank Egypt (CIB) worth EGP1bn, as part of the real estate finance initiative launched by the Central Bank of Egypt, Invest-Gate reports.

Banque Misr has signed a cooperation protocol with City Edge Developments (CED), as part of the real estate mortgage initiative launched by the Central Bank of Egypt, Invest-Gate reports.

Egypt’s annual inflation headline declines to its lowest since October reaching 5.4 % in December, down from 5.7% in November, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced on January 10

The Central Bank of Egypt (CBE) has uncovered that remittances sent home by Egyptian expats inched up by 19.6% YoY, or USD 1.3 bn (EGP 20.4 bn), during the first quarter of FY 2020/21.

The Central Bank of Egypt (CBE) has announced that the country's net international reserves edged up to USD 39.2 bn by the end of November, marking a slight increase of USD 1.8 mn compared with October figures.

IGI Real Estate says residential units at its gated community in west Cairo, “Ashgar City,” are now listed under the Central Bank of Egypt (CBE) real estate financing initiative, in a move that aims at revitalizing the country's mortgage industry by offering convenient payment facilities for potential buyers.

Egypt’s Stock Exchange has resumed trading Commercial International Bank (CIB) shares on October 25 after suspending it on October 23 at the request of the Financial Regulatory Authority (FRA)

Egypt's foreign reserves have increased to USD 38.425 bn at the end of September 2020 from USD 38.366 bn at the end of August, the Central Bank of Egypt (CBE) announced on October 7.

Egypt has managed to create a very healthy startup scene to lead Africa’s investment charts in 2019, while also maintaining a good position during the current year, therefore ranking second in the Middle East with USD 130 mn (EGP 2.05 bn) worth of investments.

A recent Goldman Sachs report reveals around half of the foreign investments that exited the Egyptian market amid the onset of the COVID-19 crisis has returned, with further inflows projected.