The Egyptian banking sector has witnessed a remarkable surge in deposits and loans during the first nine months of 2024, according to the latest data released by the Central Bank of Egypt. The total deposits in the banking sector soared by 2.727 trillion pounds, reaching 12.89 trillion pounds by the end of September 2024, compared … Read more
Egypt’s Banking Sector Expands: A Surge in Branches, ATMs, and electronic Payment Systems Egypt’s banking sector has witnessed remarkable growth, driven by strategic initiatives from the Central Bank of Egypt. By the end of June 2024, the total number of bank branches operating in the country reached 4,717, marking an increase of 79 branches … Read more
Understanding the fluctuating exchange rate between the Saudi Riyal (SAR) and the Egyptian Pound (EGP) is crucial for many, particularly those with family ties or financial dealings between Saudi Arabia and egypt. This report provides a snapshot of the SAR/EGP exchange rates as of december 31, 2024, offering insights into both official and unofficial market … Read more