banking

Will Egyptian banks offer new high-yield CDs?
Economy

Will Egyptian banks offer new high-yield CDs?

Banking expert Tarek Metwally explained on Friday that the Central Bank of Egypt’s decision on raising interest rate by 100…
Ahli United Bank – Egypt Wins “Bank of the Year- Egypt” award from The Banker (UK)
Egypt

Ahli United Bank – Egypt Wins “Bank of the Year- Egypt” award from The Banker (UK)

The Banker, an international financial publication, has awarded Ahli United Bank – Egypt as “Bank of the Year for Egypt…
Bank ABC acquires Blom Bank Egypt for $480 million – sources
Business

Bank ABC acquires Blom Bank Egypt for $480 million – sources

CAIRO (Reuters) – Bahrain’s Bank ABC completed its purchase of the Egyptian subsidiary of Lebanon’s Blom Bank for $480 million…
NBE reduces interest rate on 3-year Platinum Certificates
Business

NBE reduces interest rate on 3-year Platinum Certificates

The National Bank of Egypt reduced the interest rate or return on its three-year Platinum Certificates, the return of which…
UAE central bank urges commercial lenders to use stimulus scheme
Business

UAE central bank urges commercial lenders to use stimulus scheme

DUBAI (Reuters) — The United Arab Emirates (UAE) central bank has urged commercial lenders to use the US$70 billion-worth of…
Egypt honors ‘Top 50 Women of 2019’
Egypt

Egypt honors ‘Top 50 Women of 2019’

Egypt’s Ministry of Planning and Economic Development honored 50 women, many of them leaders in the finance and banking sectors,…
Central Bank of Egypt suspends banking work on Tuesday
Business

Central Bank of Egypt suspends banking work on Tuesday

The Central Bank of Egypt has suspended work for local and foreign banks in Egypt on Tuesday as part of…
European Bank for Reconstruction and Development (EBRD) appoints Egyptian Soha El-Turky as Vice President and CFO
Business

European Bank for Reconstruction and Development (EBRD) appoints Egyptian Soha El-Turky as Vice President and CFO

The European Bank for Reconstruction and Development (EBRD) appointed Egypt’s Soha El-Turky as its new Vice President and Chief Financial…
Total deposits with banking system reach LE3.6 trillion in September: CBE
Economy

Total deposits with banking system reach LE3.6 trillion in September: CBE

  The Central Bank of Egypt (CBE) announced that the total deposits with the banking system, other than the CBE,…
Iran says U.S. sanctions will have ‘severe consequences’ for world order
Middle East

Iran says U.S. sanctions will have ‘severe consequences’ for world order

LONDON (Reuters) – U.S. sanctions against Iran will have “severe consequences” for the world order, Iranian Foreign Minister Mohammad Javad…
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