The financial soundness indicators showed resilience and robustness in Egypt’s banking sector amid the current geopolitical circumstances, the Central Bank of Egypt (CBE) announced.
The fourth week of March closed with several notable economic developments, led by Egypt’s plan to settle $1.3 billion in arrears owed to international oil companies (IOCs) by the end of June 2026.
The USD traded at EGP 52.73 for purchasing and EGP 52.83 for selling at Banque Misr and Commercial International Bank Egypt (CIB) on Thursday, March 26th.
The Waterway, an Egyptian real estate company, plans to establish a real estate investment fund worth EGP 10 billion ($190.2 million) during the first half (H1) of 2026 to finance its projects, CEO Hossam Hassan told Asharq Business.
Egypt Marine Ports (EMP), the commercial arm of the Ministry of Transport, inked agreements with the Suez Canal Economic Zone (SCZONE) to establish, manage, and operate cargo handling terminals in Egyptian ports.
