Egyptian banking sector is strong, resilient in face of currency decline: Expert

Wed, 18 Jan 2023 - 01:07 GMT

He indicated that the compulsory reserve ratios for all Egyptian banks are in a good position, especially since there are decisions from 2017 to increase the compulsory reserve ratios from 4% to reach 14%, which puts banks in a better position.

Egypt's GAFI chief visits Qatar to discuss potential projects

Tue, 07 Jun 2022 - 05:41 GMT

Chairman of the General Authority for Free Zones and Investment (GAFI) Mohamed Abdel Wahab held a series of meetings in Qatar Monday to discuss new projects as well as existing ones.

Egypt: Penalties of Imprisonment, fines for illegal foreign exchange trading

Fri, 25 Mar 2022 - 12:42 GMT

The penalties were stipulated in Article 233 of the new Central Bank and Banking System Law. Also, the sums and items subject to illegal trading shall be confiscated.

In cooperation with Visa, Arab African International Bank celebrates the presence of the “TotalEnergies AFCON 2022” Trophy at t

Tue, 28 Dec 2021 - 01:14 GMT

Within the long cooperation between Arab African International Bank and Visa, the bank received the African Cup of Nations inside its headquarters on Thursday, December 9, 2021, on the occasion of the “TotalEnergies AFCON 2022”

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.