The CBE raised the overnight deposit rate, the overnight lending rate, and the rate of the main operation by one percent (100 basis points) to 9.25 percent, 10.25 percent, and 9.75 percent, respectively.

French container transportation and shipping company CMA CGM is planning to develop its services and expand in the Egyptian market in next years, Al Mal News reported, citing CMA CGM Egypt and Sudan Cluster CEO Tariq Zaghloul.

National Bank of Egypt (NBE), Banque Misr, and Banque du Caire (BDC) (BQDC) are set to launch Egypt’s first fintech fund with a capital of over EGP 1.3 billion, Happi Journal reported, citing Rasha Negm, Assistant Sub-Governor Information Technology at the Central Bank of Egypt (CBE).

Egypt's annual headline inflation rate rose to 8% in January 2022, compared to 4.8% in the same month of 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) announced in a press release on Thursday.