banks
Egyptian banks refuse transfers from Libya and Syria
Business
April 9, 2014
Egyptian banks refuse transfers from Libya and Syria
Egyptian banks are refusing to accept transfers or recognize invoices from clients of Egyptian exporters in Sudan, Libya and Syria. The…
Moody’s says Egypt’s banking system outlook remains negative
Business
February 25, 2014
Moody’s says Egypt’s banking system outlook remains negative
The outlook for Egypt's banking system is negative, unchanged since 2011, says Moody's Investors Service in a report published today. Moody's…
Experts praise CBE exceptional US$1.5 billion tender
Business
January 27, 2014
Experts praise CBE exceptional US$1.5 billion tender
Central Bank of Egypt (CBE) offered on Monday an exceptional tender to sell US$1.5 billion to banks in order to…
Brotherhood assets vulnerable to confiscation in case of dissolution
Egypt
August 19, 2013
Brotherhood assets vulnerable to confiscation in case of dissolution
Muslim Brotherhood bank assets could be susceptible to freezing if interim authorities decide to dissolve the group, Anadolu Agency quoted bankers…
Asset freeze for Islamist leaders goes into action
Egypt
July 15, 2013
Asset freeze for Islamist leaders goes into action
Egyptian banks on Monday put into force directives by Prosecutor General Hisham Barakat to freeze the assets of several Islamist…
Cash withdrawals increase amid anti-Morsy protests
Business
June 30, 2013
Cash withdrawals increase amid anti-Morsy protests
An increase in cash withdrawals has led many ATMs to run out of money, especially in the downtown area and…
Bankers debate financing Egypt’s widening budget deficit
Business
April 14, 2013
Bankers debate financing Egypt’s widening budget deficit
Egypt’s budget deficit reached about LE146.5 billion in the first eight months of fiscal year 2012/13, equaling 8.2 percent of…
Central Bank sources: Foreign banks seek to buy Egyptian banks
Business
October 8, 2012
Central Bank sources: Foreign banks seek to buy Egyptian banks
The Central Bank of Egypt has received several requests from foreign banks to buy out BNP Paribas and French Societe…
Barclays customers scammed by fake messages with bank logo
Egypt
September 10, 2012
Barclays customers scammed by fake messages with bank logo
Barclays bank customers in Egypt have received messages appearing to be from their bank in an apparent scam to obtain…
Islamists draft code to boost Islamic banks
Business
June 12, 2012
Islamists draft code to boost Islamic banks
The political party of the Muslim Brotherhood, which has the biggest bloc in Parliament, is proposing changes to the banking…