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M&A Momentum: Egypt’s Next Banking Chapter

At the core of the Egyptian banking sector evolution lies a surge in mergers and acquisitions (M&A) activity. As the country pursues ambitious economic reforms and digital modernization, banks have emerged as pivotal players—not only in capital mobilization but also in expanding financial inclusion and investor confidence.

Updated 11/6/2025 12:44:00 PM
Egypt's net foreign assets leap to EGP 996.1B end-September: CBE

The net foreign assets (NFAs) of Egypt’s banking sector hit EGP 996.148 billion at the end of September 2025, an annual leap from EGP 498.697 billion

Updated 11/4/2025 9:01:00 AM
CBE launches Banking Reform and Development Fund

The Central Bank of Egypt (CBE) has announced the establishment of the Banking Reform and Development Fund and the formation of its board of directors for a four-year term.

Updated 10/12/2025 4:25:00 AM
Egypt's net foreign assets hit EGP 900.54B end-July: CBE

The net foreign assets (NFAs) of Egypt’s banking sector hiked to EGP 900.545 billion at the end of July 2025, compared to EGP 644.764 billion in the same period a year earlier.

Updated 9/2/2025 8:08:00 AM
Bank NXT launches private segment for high-net-worth clients in Egypt

Bank NXT, a provider of retail and corporate banking solutions in Egypt, has introduced its new private segment, aimed at clients with a minimum balance of EGP 20 million or the equivalent in foreign currencies, as per an emailed press release.

Updated 8/21/2025 1:22:00 AM
Egypt's net foreign assets up to EGP 741.8B in end-June

Net foreign assets (NFAs) of Egypt's banking system amounted to EGP 741.813 billion at the end of June 2025, compared to EGP 732.556 billion last May

Updated 8/5/2025 10:07:00 AM
Swypex introduces Egypt’s 1st approval-based business card

Swypex, a financial management platform based in Egypt, has launched the country’s first Approval-Based Limits Card, a product designed to help businesses manage expenses more efficiently.

Updated 6/18/2025 3:07:00 AM
FABMISR launches E-Connect for corporate clients

First Abu Dhabi Bank Misr (FABMISR) has launched its newest corporate online banking channel, FABMISR E-Connect, for multinationals and large corporates.

Updated 3/9/2025 12:39:00 PM
CBE announces working hours for banks in Ramadan

The Central Bank of Egypt (CBE) announced working hours for the banking sector during Ramadan.

Updated 2/25/2025 7:44:00 AM
Financial inclusion in Egypt reaches 74.8% in 2024

Financial inclusion in Egypt grew further in 2024, with 74.8% of eligible citizens aged 15 and above owning and actively using transaction accounts.

Updated 2/25/2025 1:08:00 AM
Egypt considers financial leasing to bolster industrial sector liquidity

Egypt is exploring measures to enhance liquidity in its industrial sector through financial leasing as part of broader efforts to reduce reliance on imports and boost exports.

Updated 12/9/2024 1:12:00 AM
Bank NXT, Mindgate launch digital banking platform for corporate clients

Bank NXT, a provider of integrated banking solutions in Egypt, has announced a partnership with Mindgate Solutions, a global leader in payment technology and transaction processing.

Updated 11/28/2024 12:51:00 PM
ADIB-Egypt recognized as "Best Islamic Financial Institution" in Egypt

Abu Dhabi Islamic Bank-Egypt (ADIB-Egypt) has been awarded the title of "Best Islamic Financial Institution in Egypt" by Global Finance Magazine for the seventh year in a row.

Updated 11/18/2024 1:35:00 AM
NBK Egypt launches NBK Beyond Banking for VIP customers

NBK Egypt has launched the NBK Beyond Banking for VIP customers.

Updated 10/20/2024 6:35:00 PM
CBE, Central Bank of Tunisia pen MoU to strengthen banking cooperation

The Central Bank of Egypt (CBE) has signed a memorandum of understanding (MoU) with the Central Bank of Tunisia to enhance cooperation in the banking sector

Updated 9/30/2024 12:16:00 PM
Investment opportunities abound in Egypt’s banking sector: EFG’s Head of Research

The Egyptian banking sector is one of the promising sectors in terms of investments, EFG Holding’s Head of Research Ahmed Shams El Din ssaid.

Updated 3/5/2024 2:43:00 AM
Emirates NBD-Egypt receives 2 global awards in January 

Emirates NBD - Egypt has won two awards in January, namely ‘The Most Innovative Global Markets & Treasury Service Provider’ by International Finance Magazine and the ‘Leading Global Markets Banking Services’ from Cosmopolitan The Daily Magazine.

Updated 2/15/2024 3:45:00 AM
Middle Eastern Financial Sector: A Frontrunner in Driving GenX Tech Trends

Amid market uncertainty and the ensuing impact of global events, the financial sector in the Middle East has been witnessing the winds of digitalization. Embracing fast-shaping digital trends, financial organizations in the Middle East are tackling external challenges and swiftly creating sustainable brands for the future. On the back of technology, data, and the power of people, the sector is ready to showcase its might to the world. Here are some fast-shaping trends in the Middle Eastern financial sector.

Updated 10/15/2023 12:07:00 PM
CBE, LIBF ink MoU to strength Egypt’s financial Industry

The Central Bank of Egypt (CBE) and the London Institute of Banking and Finance (LIBF) signed a memorandum of understanding (MoU) to improve the efficiency of the Egyptian banking and financial services sector.

Updated 8/9/2023 2:53:00 AM