
Central Bank of Egypt and 'Hayah Karima' Foundation Sign MoU to Foster Sustainable Social Development and Promote Volunteering Culture
In the same context, the CBE launched a parallel initiative, 'Together We Make an Impact,' to deepen the concept of institutional volunteering within the banking sector, recognizing it as a cornerstone of sustainable social development. The initiative aims to promote a culture of volunteerism among banking sector employees, and to channel their potentials into effective tools that create a tangible impact on societal development and progress Google News تابعونا على تابعونا على تطبيق نبض CBECentral Bank of EgyptGhada Tawfik
جاري التحميل ...
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

bnok24
3 hours ago
- bnok24
Valu Closes its 17th Securitized Bond Issuance, Worth EGP 460.7 Million
Valu, MENA's leading universal financial technology powerhouse, announced today the successful closing of its 17th securitized bond issuance, valued at EGP 460.7 million, with EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA). The issuance is the first under the newly approved EGP 10 billion securitization program The bond is backed by a receivables portfolio assigned to EFG for Securitization, which acts as the special purpose vehicle (SPV) for the issuance. It is a 12-month bond, rated Prime 1 (sf) Karim Riad, CFO of Valu, commented, 'This issuance marks a pivotal milestone in our ongoing strategy to diversify our funding base and strengthen our capital structure. Launching the first transaction under our newly approved EGP 10 billion program reflects our confidence in the market and our commitment to scaling responsibly. Coming on the heels of our successful listing on the Egyptian Exchange, this transaction further demonstrates our ability to access diverse capital markets and reinforces our position as a leading force in Egypt's fintech ecosystem Maie Hamdy, Managing Director – Debt Capital Markets at EFG Hermes, added, 'We are delighted to support Valu in this landmark issuance, which comes on the back of their successful listing on the Egyptian Exchange, a clear signal of investor confidence in the company's vision and performance. Our longstanding partnership with Valu is built on a shared vision of innovation and financial inclusion, and this transaction is a testament to our ability to structure and execute complex deals that meet the evolving needs of high-growth companies. We look forward to continuing to empower fintech leaders like Valu as they scale their impact across the region EFG Hermes acted as sole financial advisor, transaction manager, bookrunner, underwriter, and arranger on the issuance. Arab African International Bank (AAIB) served as underwriter and custodian. The issuance was also subscribed to by the Industrial Development Bank of Egypt (IDBE), Arab Banking Corporation (ABC), and Attijariwafa Bank. Dreny & Partners acted as legal advisor, and Baker Tilly as auditor Google News تابعونا على تابعونا على تطبيق نبض جاري التحميل ...


Middle East
9 hours ago
- Middle East
OPEN// PM arrives at venue of Egypt-Japan Business Council forum in Tokyo
TOKYO, Aug 19 (MENA) - Prime Minister Moustafa Madbouli Tuesday arrived at the venue of the Egypt-Japan Business Council forum in the Japanese capital, Tokyo. The forum brings together a number of leading Egyptian and Japanese companies to explore opportunities for enhancing cooperation between the Egyptian and Japanese markets. Madbouli is also scheduled to participate, on behalf of President Abdel Fattah El Sisi, in the ninth Tokyo International Conference on African Development (TICAD 9), set to take place in the Japanese city of Yokohama between August 20-22. (MENA) A A E/


Daily News Egypt
a day ago
- Daily News Egypt
Egypt's Al-Sisi meets central bank chief, calls for continued efforts to increase dollar inflows
Egyptian President Abdel Fattah Al-Sisi on Monday stressed the need to continue efforts to increase the country's foreign currency reserves, particularly from local sources, and to maintain a flexible and unified exchange rate, the presidency said. Al-Sisi's comments came during a meeting with Central Bank of Egypt (CBE) Governor Hassan Abdalla to discuss the performance of the Egyptian economy. According to a presidential spokesperson, the meeting covered efforts to continue reducing inflation rates and indicators related to boosting the state's foreign exchange reserves. They also reviewed the global economic situation and the impact of international challenges on the macroeconomy. 'The president emphasized that the sufficient availability of dollar resources positively reflects on providing a reassuring stock of various commodities, petroleum products, as well as production inputs for factories,' the spokesperson, Mohamed El-Shennawy, said in a statement. Egypt's net international reserves climbed to $49.036bn in July 2025, up from $48.700bn in June—an increase of approximately $336m. This marks the highest level of foreign currency reserves ever recorded in Egypt, supported by stronger inflows from export earnings, tourism revenues, remittances from Egyptians abroad, and foreign direct investment. Al-Sisi also called for continued coordination between the government and the central bank to ensure the maintenance of a flexible and unified exchange rate for foreign currency. The meeting also addressed providing opportunities and financing for the private sector to drive economic growth, attract more investment flows, and maximize the private sector's role in economic activity. In this context, the president directed that incentives be enhanced to take advantage of available economic opportunities and that the private sector be empowered to drive growth. He stressed the need for 'intensive work to provide favourable conditions for attracting more foreign investment and empowering the private sector,' the spokesperson said.