Latest News for: egp

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ADIB-Egypt leads Islamic banking market in 2025, reports EGP 12.6bn in net profit

Daily News Egypt 15 Feb 2026
Total assets increased by EGP 87bn, up 33%, reaching EGP 347bn compared to EGP 260.5bn in 2024. Total customer financing and credit facilities grew by EGP 55bn, marking a 53% increase to EGP 159bn, versus EGP 104.4bn in 2024.
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Financial institutions upgrade Egypt’s 2026 outlook on EGP, inflation, and growth

Daily News Egypt 15 Feb 2026
The new expected trading range for 2026 now stands between EGP 45 and EGP 49 per dollar, compared with earlier forecasts of EGP 48 to EGP 51 ... EFG Hermes expects the average USD-EGP rate to reach EGP ...
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Strong expectations of 1-2% cut in EGP interest rates at CBE’s first meeting of 2026

Daily News Egypt 11 Feb 2026
Pace of monetary easing ... According to Abdel Aal, the case for holding rates – the “cautious view” – is linked in part to the maturity of 27% savings certificates, worth around EGP 1trn, which began maturing in January and will continue until April.
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CIB reports EGP 117bn in consolidated revenue, EGP 82.2bn net income in FY2025

Daily News Egypt 10 Feb 2026
Full-year 2025 consolidated net income reached EGP 82.2bn, or EGP 18.2 per share, ... Gross loans expanded by 44%, or EGP 177bn, to EGP 576bn, reaching EGP 617bn after accounting for securitisation deals.
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Egypt unveils 50B EGP Il Monte Galala Towers, Marina project

Egypt Today 10 Feb 2026
CAIRO - 10 February 2026 ... The project, developed by Tatweer Misr, represents a total investment of approximately 50 billion EGP ($1 billion) ... A series of strategic agreements were signed during the event to ensure international standards of operation..
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