banks
Foreign exchange rates stable at Egypt banks Tuesday
Economy
May 16, 2017
Foreign exchange rates stable at Egypt banks Tuesday
The Governor of the Central Bank of Egypt, Tarek Amer, said that the situation has improved greatly since the flotation…
Banks closed on Monday for Labor Day
Egypt
April 30, 2017
Banks closed on Monday for Labor Day
The Central Bank of Egypt (CBE) has declared that banks operating in Egypt will be closed on Monday, which marks…
Naguib Sawiris launches new bank in Europe to finance small, medium enterprises
Business
April 11, 2017
Naguib Sawiris launches new bank in Europe to finance small, medium enterprises
Riverbank S.A., which is majority-owned by Egyptian business tycoon Naguib Sawiris, officially launched operations in Europe on Monday, after receiving its…
Major Abu Dhabi lenders merge to create UAE’s largest bank
Business
April 3, 2017
Major Abu Dhabi lenders merge to create UAE’s largest bank
Two major lenders in the United Arab Emirates, the First Gulf Bank and the National Bank of Abu Dhabi, have…
Egyptian pound remains stable against US dollar
Business
January 30, 2017
Egyptian pound remains stable against US dollar
The Egyptian pound remained stable against the US dollar on Monday, selling between EGP 18.75-19.09 to the dollar in some banks.The Commercial…
US dollar exchange rate sees slight increase at banks
Business
January 26, 2017
US dollar exchange rate sees slight increase at banks
The US dollar exchange rate appreciated gradually during transactions on Thursday at five banks: the National Bank of Egypt (NBE), Banque…
British banks’ optimism hits crisis-era low on Brexit uncertainty
Business
January 23, 2017
British banks’ optimism hits crisis-era low on Brexit uncertainty
Optimism about the business environment for Britain's financial services firms fell for a fourth consecutive quarter, according to a survey…
Banks may be able to sue EU if denied transitional deal: document
Business
December 19, 2016
Banks may be able to sue EU if denied transitional deal: document
Banks in Britain are being advised they may be able to sue the European Union if it fails to grant…
US dollar exchange rate continues to decline
Business
November 14, 2016
US dollar exchange rate continues to decline
The US dollar exchange rate continued to decline compared to the Egyptian pound in major banks since the IMF announced…
US dollar rate decreases after Egypt receives first tranche of IMF loan
Egypt
November 12, 2016
US dollar rate decreases after Egypt receives first tranche of IMF loan
The US dollar exchange rate decreased in banks on Saturday, after Egypt received last night US$2.75 billion, the first tranche of the…