Banking

CIB Business Banking Signs a New 5-Year Deal with Visa

Thu, 23 Sep 2021 - 01:28 GMT

The new strategic agreement will provide business banking customers with a host of financial and non-financial services for their businesses to thrive. By leveraging Visa’s digital solutions and technological capabilities, CIB can grow its current SMEs base while strengthening its value proposition.

Housing & Development Bank launches HDB Royal service addressed exclusively to wealth clients.

Thu, 16 Sep 2021 - 01:57 GMT

On Wednesday 16th of September, Housing & Development Bank (HDB) celebrated the launch of HDB Royal

Egypt's planning minister reveals percentage of women in bank boards

Mon, 08 Mar 2021 - 12:41 GMT

That was during her participation via video conferencing in the celebration of International Women's Day "Choosing a Challenge."

‘Builders of Egypt’ adopts building exports as theme

Tue, 11 Jun 2019 - 12:00 GMT

The fifth “Builders of Egypt” Forum themed “Building Exports as a New Future for Investment” will kick off on June 16.

Fintech in Egypt: lots of work ahead

Mon, 20 May 2019 - 02:19 GMT

Fintech in Egypt still relies heavily on payments.

Trial of former Barclays bankers over Qatar bailout begins

Tue, 15 Jan 2019 - 12:10 GMT

They are accused of raising a £6.1 billion bailout from Qatar during the 2008 financial crisis.

Deutsche Bank may announce investment bank revamp on Thursday: report

Tue, 24 Apr 2018 - 07:39 GMT

Deutsche Bank AG may announce changes in the strategy of its investment banking unit on Thursday along with quarterly earnings.

China cuts banking red tape to rally foreign investment: Xinhua

Sat, 24 Feb 2018 - 03:43 GMT

China’s banking regulator has introduced steps to cut the red tape for foreign banks, state media agency Xinhua said on Saturday.

Wrap up of 1st day of Egypt’s FinTech conference

Tue, 06 Feb 2018 - 02:50 GMT

As the first day of "Seamless North Africa" conference comes to and, Egypt Today sums up the most important statements made by officials.

China to step up banking oversight in 'arduous' fight on financial risks

Sun, 14 Jan 2018 - 08:43 GMT

China will step up oversight in the banking sector this year to reduce financial risks, the country’s banking regulator said.

Remittances register $26.4B since Egyptian pound flotation

Sat, 13 Jan 2018 - 02:51 GMT

In the month of July 2017 alone, remittances increased by 5.8 percent year-on-year to register $2.2 billion.

NBE reopens one of its oldest branches after renovation

Thu, 21 Dec 2017 - 05:14 GMT

The renovation aims to cope with the latest developments in the banking field so that the branch can best serve its customers.

CBE Governor negates Ethiopian Dam funding by banks in Egypt

Sun, 10 Dec 2017 - 01:03 GMT

That was in a statement to the Middle East News Agency (MENA) whereas he described the news as “hallucinations and myths.”

AUC to establish fellowship fund for finance studies

Wed, 08 Nov 2017 - 01:09 GMT

The fund aims to support qualified Egyptian students interested in pursuing full time graduate studies in the field of master's of science in finance at AUC.

‘Attijariwafa bank Egypt’ trade name opened in Egypt

Sat, 04 Nov 2017 - 02:02 GMT

After Attijariwafa bank’s acquisition of Barclays Bank Egypt’s shares, the bank operated under the new identity “Attijariwafa bank Egypt” as of November 3.

Fed set to hold rates steady ahead of Trump's leadership decision

Wed, 01 Nov 2017 - 07:46 GMT

The Federal Reserve is expected to keep interest rates unchanged on Wednesday as speculation swirls on who will be its next leader.

Goldman plots return to banking growth mode through hires, investments

Sat, 02 Sep 2017 - 09:33 GMT

Goldman Sachs Group Inc plans to add about half a dozen senior bankers over the next six months or so and invest more in Asia using its balance sheet.

Egypt policy measures improve banking but investments slow: BLOM Bank

Tue, 22 Aug 2017 - 02:04 GMT

Egypt's policy decisions last November to float the pound and subsequently raise interest rates have improved conditions for the banking sector.

Egyptian Pound bounces back against U.S. dollar

Mon, 10 Jul 2017 - 11:48 GMT

The U.S. dollar exchange rate slightly declined against the Egyptian pound in Monday transactions.

Banking sector data safe from cyber attacks: CBE

Sat, 08 Jul 2017 - 03:31 GMT

CBE to build a technology center to respond to the emergencies of the banking sector.

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