banks
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…
Family members of 2 Mubarak-era ministers resign from Credit Agricole
Business
April 3, 2012
Family members of 2 Mubarak-era ministers resign from Credit Agricole
Family members of two Mubarak-era ministers have left their posts on the board of Credit Agricole Egypt bank, state-run news…
Egypt govt allows four banks to disburse ‘yellow remittances’
Egypt
March 19, 2012
Egypt govt allows four banks to disburse ‘yellow remittances’
Farouk al-Okda, head of the Central Bank of Egypt (CBE), on Sunday granted four banks the right to disburse “yellow…
Optimism toward politics buoys Egyptian stocks
Business
February 8, 2012
Optimism toward politics buoys Egyptian stocks
A strong performance by Egypt's stock market in the last few days, despite a string of negative political and economic…
National Bank of Egypt reports LE1bn profit in second half of 2011
Egypt
January 31, 2012
National Bank of Egypt reports LE1bn profit in second half of 2011
The National Bank of Egypt’s revenues for the first half of fiscal year 2011/2012 stood at roughly LE1.04 billion, bank…
Egypt’s financial sector braced for revolution anniversary
Egypt
January 24, 2012
Egypt’s financial sector braced for revolution anniversary
Egypt's financial sector is bracing for protests scheduled for 25 January to commemorate the first anniversary of the beginning of…
Banks, money exchange services shutter up
Egypt
November 22, 2011
Banks, money exchange services shutter up
A number of banks and downtown foreign exchange service companies in Tahrir, Bab al-Luk squares and Mohamed Mahmoud Street, leading…
Egypt’s NSGB says Q3 profit strong despite economy
Business
November 9, 2011
Egypt’s NSGB says Q3 profit strong despite economy
National Societe Generale Bank (NSGB) , Egypt's second-biggest private bank by market capitalization, shrugged off domestic economic and political woes…