banks
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…
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…