CIB
IFC, MEG sign landmark US$100 mn agreement to foster Egypt’s economy
Egypt
April 2, 2019
IFC, MEG sign landmark US$100 mn agreement to foster Egypt’s economy
The International Finance Coordination (IFC), a member of the World Bank, provided up to $100 million in financing to the…
2019-2020 CIB PSA Women’s World Championship will be set in front of The Great Pyramid of Giza
Egypt
March 11, 2019
2019-2020 CIB PSA Women’s World Championship will be set in front of The Great Pyramid of Giza
The 2019-2020 CIB PSA Women’s World Championship will take place in view of the Great Pyramid of Giza, the only remaining ancient wonder…
Egyptian pound remains stable against US dollar Sunday
Egypt
April 1, 2018
Egyptian pound remains stable against US dollar Sunday
The US dollar maintained its price against the Egyptian pound at an average of LE 17.56 during bank dealings on…
US dollar exchange rates stable on Thursday
Economy
December 28, 2017
US dollar exchange rates stable on Thursday
US dollar exchange rates were stable throughout Thursday morning trading. In the National Bank of Egypt (NBE), the US dollar…
US dollar prices witness slight changes Wednesday
Business
December 20, 2017
US dollar prices witness slight changes Wednesday
The US dollar exchange rate witnessed slight changes during morning trading on Wednesday, after witnessing a rise during last week’s…
Egypt’s CIB to boost Tier 2 debt as it looks to African growth
Economy
November 15, 2017
Egypt’s CIB to boost Tier 2 debt as it looks to African growth
Egypt’s Commercial International Bank (CIB) plans to boost Tier 2 capital through dollar-denominated subordinated loans as it seeks to diversify…
As FX shortage bites, Egypt’s CIB limits use of bank cards abroad
Egypt
July 27, 2016
As FX shortage bites, Egypt’s CIB limits use of bank cards abroad
Egypt's largest listed bank, Commercial International Bank (CIB), told customers on Wednesday it was reducing the amount of foreign currency…
Egypt central bank scraps CEO term limits plan after court ruling
Business
June 27, 2016
Egypt central bank scraps CEO term limits plan after court ruling
Egypt's central bank will not implement a nine-year term limit on bank CEOs that had angered major banks, central bank…
Egypt’s CIB approves extension for Beltone Financial’s offer for CI Capital
Business
April 28, 2016
Egypt’s CIB approves extension for Beltone Financial’s offer for CI Capital
Egypt's Commercial International Bank (CIB) approved a two-week extension for an offer by Beltone Financial to acquire its subsidiary CI…
Egyptian court ruling allows CI Capital deal with Beltone
Business
April 21, 2016
Egyptian court ruling allows CI Capital deal with Beltone
A Cairo Court ruled in favour of Commercial International Bank (CIB) on Wednesday, pushing through the sale of shares in…