banks
“NBE” and “Bank Misr”: New certificates at high interest rates just rumors
Egypt
July 10, 2017
“NBE” and “Bank Misr”: New certificates at high interest rates just rumors
Yahiya Abu Al Fottoh, Deputy Head of National Bank of Egypt (NBE), denied the issuance of certificates at high annual…
US dollar rates continue to decline
Economy
July 6, 2017
US dollar rates continue to decline
The price of the US dollar in Egyptian banks has continued to decline against the Egyptian pound for the fourth…
Biggest U.S. banks clear first hurdle in Fed’s annual stress tests
Economy
June 23, 2017
Biggest U.S. banks clear first hurdle in Fed’s annual stress tests
The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be…
Egypt’s security authorities raise state of alert
Egypt
June 9, 2017
Egypt’s security authorities raise state of alert
A security official at the Ministry of the Interior said on Friday that the security authorities raised the state of…
Egypt’s central bank did not order to halt Qatari riyal transactions: statement
Economy
June 5, 2017
Egypt’s central bank did not order to halt Qatari riyal transactions: statement
Egypt’s central bank said it has not ordered banks to halt transactions in Qatari riyals, after six Arab nations, including…
US dollar exchange rate stable during Sunday trading
Economy
May 21, 2017
US dollar exchange rate stable during Sunday trading
The US dollar exchange rate has been stable during Sunday trading. The purchasing rate at the National Bank of Egypt and Banque…
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…