banks
US dollar at over LE17
Egypt
November 7, 2016
US dollar at over LE17
The US dollar price jumped on Monday to a new level amid concerns that this state of confusion, which began…
US dollar at LE16, shortage continues
Business
November 6, 2016
US dollar at LE16, shortage continues
The US dollar has reached a new level, being sold at LE16 at Egyptian banks on Sunday, as banks began…
Govt, CBE debate timing of state-banks IPO
Egypt
October 31, 2016
Govt, CBE debate timing of state-banks IPO
The Egyptian government and the Central Bank of Egypt are involved in ongoing discussions over the timing of the initial…
Britain’s banks to reveal solid third-quarter results, warn of Brexit storm ahead
Business
October 23, 2016
Britain’s banks to reveal solid third-quarter results, warn of Brexit storm ahead
Britain's major banks are set to report stronger-than-expected results this week, confounding expectations that political and economic upheaval caused by…
Egypt to offer shares of AAIB and Banque du Caire on bourse
Business
March 27, 2016
Egypt to offer shares of AAIB and Banque du Caire on bourse
Egypt will offer a 40 percent stake in Arab African International Bank (AAIB) and 20 percent of Banque du Caire…
Egyptian pound hits all-time low against the dollar on black market
Business
March 9, 2016
Egyptian pound hits all-time low against the dollar on black market
The value of the Egyptian pound relative to the US dollar hit rock bottom last week, with US$1 equaling LE10…
Egypt’s CIB appoints former central bank governor Ramez as managing director
Business
February 28, 2016
Egypt’s CIB appoints former central bank governor Ramez as managing director
Commercial International Bank (CIB), Egypt's largest listed company, said on Sunday it had appointed former central bank governor Hisham Ramez…
Egypt to float United Bank of Egypt: central bank governor
Egypt
February 22, 2016
Egypt to float United Bank of Egypt: central bank governor
Egypt's central bank plans to float the United Bank of Egypt, in which it holds a 99 percent stake, in…
US, UK likely to charge multiple banks in Libor rigging: WSJ
Business
February 13, 2016
US, UK likely to charge multiple banks in Libor rigging: WSJ
American and British regulators are likely to charge several banks with rigging interest rates, including Citigroup, the third-largest US bank,…
Egypt’s CIB to issue LE8 bn in financial instruments
Business
February 11, 2016
Egypt’s CIB to issue LE8 bn in financial instruments
Commercial International Bank (CIB), Egypt's largest listed company, said on Thursday its board had approved a plan to issue financial…