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The UK-based multinational Standard Chartered Bank has officially commenced its banking operations in Egypt, following the receipt of final approval from the Central Bank of Egypt (CBE), according to a statement by the bank on Tuesday.
Egypt’s tourism revenues rose by 8% year on year (YoY) in 2023, hitting about $13.2 billion, a government official told Asharq Business.
The Egyptian Mercantile Exchange (EMX) is planning to carry out a restructuring plan by adjusting the listing rules and administrative structure, Al Arabiya reported, citing EMX Chairman Ibrahim Ashmawy.
JP Morgan has decided to exclude Egypt from its Government Bond Index-Emerging Markets (GBI-EM) index, Reuters reported, citing a statement by the American multinational financial services firm.
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