The International Finance Corporation (IFC) has partnered with the Commercial International Bank (CIB), Egypt’s largest private sector bank, in developing and implementing a robust climate risk management framework
Net activity revenues reached around EGP 407.592 billion, compared to EGP 272.230 billion, with total expenses recording around EGP 276.758 billion compared to EGP 178.8 billion
The Egyptian cabinet has resumed its IPO program to sell its stakes in state-owned companies, announcing 32 planned companies
The two state banks announced that they would stop issuing the high-yield CDs later today
The Egyptian pounds “may remain under pressure in 2023,” the agency added, pointing to Egypt’s import backlog
