banking
Will Egyptian banks offer new high-yield CDs?
Economy
August 5, 2023
Will Egyptian banks offer new high-yield CDs?
Banking expert Tarek Metwally explained on Friday that the Central Bank of Egypt’s decision on raising interest rate by 100…
Ahli United Bank – Egypt Wins “Bank of the Year- Egypt” award from The Banker (UK)
Egypt
December 18, 2022
Ahli United Bank – Egypt Wins “Bank of the Year- Egypt” award from The Banker (UK)
The Banker, an international financial publication, has awarded Ahli United Bank – Egypt as “Bank of the Year for Egypt…
Bank ABC acquires Blom Bank Egypt for $480 million – sources
Business
January 15, 2021
Bank ABC acquires Blom Bank Egypt for $480 million – sources
CAIRO (Reuters) – Bahrain’s Bank ABC completed its purchase of the Egyptian subsidiary of Lebanon’s Blom Bank for $480 million…
NBE reduces interest rate on 3-year Platinum Certificates
Business
December 25, 2020
NBE reduces interest rate on 3-year Platinum Certificates
The National Bank of Egypt reduced the interest rate or return on its three-year Platinum Certificates, the return of which…
UAE central bank urges commercial lenders to use stimulus scheme
Business
April 13, 2020
UAE central bank urges commercial lenders to use stimulus scheme
DUBAI (Reuters) — The United Arab Emirates (UAE) central bank has urged commercial lenders to use the US$70 billion-worth of…
Egypt honors ‘Top 50 Women of 2019’
Egypt
February 13, 2020
Egypt honors ‘Top 50 Women of 2019’
Egypt’s Ministry of Planning and Economic Development honored 50 women, many of them leaders in the finance and banking sectors,…
Central Bank of Egypt suspends banking work on Tuesday
Business
January 6, 2020
Central Bank of Egypt suspends banking work on Tuesday
The Central Bank of Egypt has suspended work for local and foreign banks in Egypt on Tuesday as part of…
European Bank for Reconstruction and Development (EBRD) appoints Egyptian Soha El-Turky as Vice President and CFO
Business
October 21, 2019
European Bank for Reconstruction and Development (EBRD) appoints Egyptian Soha El-Turky as Vice President and CFO
The European Bank for Reconstruction and Development (EBRD) appointed Egypt’s Soha El-Turky as its new Vice President and Chief Financial…
Total deposits with banking system reach LE3.6 trillion in September: CBE
Economy
November 27, 2018
Total deposits with banking system reach LE3.6 trillion in September: CBE
The Central Bank of Egypt (CBE) announced that the total deposits with the banking system, other than the CBE,…
Iran says U.S. sanctions will have ‘severe consequences’ for world order
Middle East
October 30, 2018
Iran says U.S. sanctions will have ‘severe consequences’ for world order
LONDON (Reuters) – U.S. sanctions against Iran will have “severe consequences” for the world order, Iranian Foreign Minister Mohammad Javad…