China, Egypt sign MoU to boost financial ties, promote local currency settlement

The headquarters of the People's Bank of China in Beijing Photo: IC China and Egypt signed a memorandum of understanding (MoU) on Thursday to enhance bilateral financial collaboration, promoting local currency settlement, central bank digital...

Financial cooperation: Egypt and China sign key trade agreements

The governor of the Central Bank of Egypt, Hassan Abdalla, welcomed his Chinese counterpart, Pan Gongsheng, the governor of the People's Bank of China, on Thursday, July 10. Key topics discussed included the establishment of agreements to...

Egypt: CIB inks $19.4mln financing deal with OSL for Giza Pyramids sound and light project

Arab Finance: Commercial International Bank (CIB) has signed a medium-term financing agreement worth EGP 963 million with OSL Entertainment Projects, a subsidiary of Orascom Investment Holding, to support the development of the sound and light...

Bankers seek options to overcome high transfer costs of remittances

UBA Chairman Kakeeto says there is need to focus efforts ensuring maximum benefits of remittances to the country Kampala, Uganda | THE INDEPENDENT | Inflows from Ugandans based outside the country increased to $1.4 billion, or about sh5 trillion,...

Egypt, China sign 3 MoUs to boost financial, payment system ties

Arab Finance: The Governor of the Central Bank of Egypt (CBE), Hassan Abdalla, received his Chinese counterpart Pan Gongsheng in Cairo, where the two officials discussed enhancing bilateral financial cooperation and witnessed the signing of three...

Egypt’s annual headline inflation records 14.4% in June: CAPMAS

Arab Finance: Egypt's annual headline inflation recorded 14.4% in June, versus 16.5% in May, as reported by the Central Agency for Public Mobilization and Statistics (CAPMAS) on July 10th. The inflation rate was driven by a 6.8% year-on-year (YoY)...

Egypt: Vaiu secures Central Bank of Jordan’s initial approval to launch BNPL services

Arab Finance: valU has received initial approval from the Central Bank of Jordan to launch its buy now, pay later (BNPL) services in the country, marking a step forward in its regional expansion, as per an emailed press release. The fintech...

Egyptian BNPL platform Valu receives initial regulatory approval for Jordan launch

Cairo-based fintech Valu has received initial regulatory approval from Jordan’s central bank to launch its Buy Now, Pay Later (BNPL) service in the country, marking the company’s first expansion beyond its home market and a signal of its broader...

Egypt's PM: BRICS Trend Toward Conducting Financial Settlements in Local Currencies

Fri 11 Jul 2025 | 06:39 AM Egypt’s Prime Minister Mostafa Madbouly confirmed on Wednesday that there is a growing consensus within the BRICS bloc to shift financial settlements among member countries toward local currencies, reducing dependency on...

Egypt's central bank keeps key interest rates unchanged

CAIRO: Egypt's central bank kept key interest rates unchanged on Thursday, pausing a trend of rate reductions despite inflation rates easing. The bank’s monetary policy committee held the overnight deposit rate at 24% and the lending rate at 25%,...

Egypt Holds Interest Rates Steady, Adopts ‘Wait-And-See’ Approach To Assess Impact Of Recent Reforms

Egypt, China Sign Three Financial Cooperation Deals during Central Bank Governors’ Meeting

Fri 11 Jul 2025 | 06:10 AM The Governor of the Central Bank of Egypt (CBE) Hassan Abdullah welcomed his Chinese counterpart Pan Gongsheng to Cairo this week, where the two central banks agreed to strengthen bilateral cooperation across a range of...

Started by an Ex-Army Man, This 1953 Dehradun Bakery Has Served CMs, Maharanis & Your Favourite Cricketers

Time in Dehradun ticks at a slower pace. Romanticised by literature and films, the town lives up to its storied reputation, you’ll agree, if you’ve ever paid a visit. Seemingly plucked from the pages of a book, it’s whimsical; the aroma of fresh...

Cabinet Holds Weekly Meeting on Political, Economic, Social Files

Prime Minister Mostafa Madbouly chaired the weekly cabinet meeting on Wednesday July 9,2025 at the New Administrative Capital to review a range of political, economic and social files on the government’s agenda, as well as to discuss the optimal...

Egypt Signs $100 Million Sustainability-Linked Deal with EBRD, Banque Misr

Thu 10 Jul 2025 | 10:27 PM Egypt’s Ministry of Planning, Economic Development and International Cooperation announced a landmark agreement between the European Bank for Reconstruction and Development (EBRD) and Banque Misr, marking Egypt’s...

Egypt Reaffirms Support for Libyan Sovereignty and Political Consensus

Thu 10 Jul 2025 | 04:48 PM Egypt reiterated its steadfast support for Libya’s sovereignty, unity, and political stability, emphasizing the need for a Libyan-led political solution free from external interference. Ambassador Tarek Dahroug,...

Egypt, Eritrea Reaffirm Strong Bilateral Ties and Regional Cooperation

Thu 10 Jul 2025 | 05:40 PM Egyptian Foreign Minister Badr Abdelatty and Eritrean Foreign Minister Osman Saleh expressed their mutual appreciation for the current level of bilateral relations and political consultations between their countries,...

Egypt urged to release detained Palestine supporters

Amnesty International published a statement on Tuesday calling for Egypt to release those who were detained by the country on the sole basis of expressing solidarity with the Palestinian people amidst the war with Israel. Amnesty International...

How ceasefire talks and coalition politics shaped Israel’s war strategy

As Israel plunged into one of the deadliest wars in its history, Prime Minister Benjamin Netanyahu not only survived politically—he strengthened his grip on power. A New York Times investigation paints a portrait of a leader who, rather than...

Egypt, China Forge Deeper Strategic Collaboration

(MENAFN) Egypt and China pledged on Thursday to deepen collaboration across multiple sectors as President Abdel Fattah al-Sisi hosted Chinese Premier Li Qiang in Cairo for high-level discussions aimed at strengthening bilateral relations. The...