banking sector

CBE extends exemptions on fees and commissions due to coronavirus surge
Business

CBE extends exemptions on fees and commissions due to coronavirus surge

The Central Bank of Egypt’s Board of Directors on Monday has chosen to extend several decisions taken to confront repercussions…
Billionaire Saudi banking tycoon dead at 79, family says
Middle East

Billionaire Saudi banking tycoon dead at 79, family says

RIYADH, Saudi Arabia (AP) — Billionaire Saudi businessman Saleh Abdullah Kamel, who founded the banking and real estate conglomerate Dallah…
Egypt’s Central Bank to ease cash withdrawal limits during Ramadan
Economy

Egypt’s Central Bank to ease cash withdrawal limits during Ramadan

Chairman of the Federation of Egyptian Banks (FEB) and President of Banque Misr Mohamed al-Etriby said on Wednesday that the…
US dollar exchange rate stabilizes in Egyptian banks
Economy

US dollar exchange rate stabilizes in Egyptian banks

The exchange rate of the US dollar against the Egyptian pound stabilized on Monday in Egyptian banks, compared with Sunday’s…
CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic
Business

CBE ramps up measures to support Egypt’s economy amid coronavirus pandemic

The Central Bank of Egypt (CBE) has ordered local banks in the country not to impose additional fines applied to…
CBE announces measures to mitigate coronavirus impact on banking sector
Business

CBE announces measures to mitigate coronavirus impact on banking sector

The Central Bank of Egypt (CBE) announced, on Sunday, a set of preventive measures in light of the coronavirus (COVID-19)…
Exclusive: Lebanon waiting to hear if creditors will cooperate or sue: minister
Middle East

Exclusive: Lebanon waiting to hear if creditors will cooperate or sue: minister

BEIRUT (Reuters) – Lebanon is waiting for bondholders to decide whether they will cooperate in a debt restructuring or pursue…
Egyptian bank launches program financing private solar energy panels
Business

Egyptian bank launches program financing private solar energy panels

The Arab African International Bank (AAIB) on Sunday launched its latest project in retail banking and personal finance for financing individually-owned…
CBE receives requests from major international banks to operate in Egypt
Business

CBE receives requests from major international banks to operate in Egypt

The Central Bank of Egypt (CBE) has received requests from major international banks recently for new licenses to operate in…
Central Bank of Egypt discusses opening country to international banks
Business

Central Bank of Egypt discusses opening country to international banks

  The Central Bank of Egypt (CBE) held a meeting on Tuesday, to discuss allowing international banks to open branches…
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