banking sector
No Egyptian banks investing in Ethiopia’s dam: CBE
Egypt
December 11, 2017
No Egyptian banks investing in Ethiopia’s dam: CBE
Governor of the Central Bank of Egypt (CBE) Tarek Amer denied on Sunday that reports that Egyptian banks and other banks…
Egypt’s CIB sells 72 pct of investment arm to local, Gulf investors
Business
December 3, 2016
Egypt’s CIB sells 72 pct of investment arm to local, Gulf investors
Egypt's largest listed lender CIB sold a near-72 percent stake in its investment banking arm CI Capital to Egyptian and…
Wells Fargo will pay $190 million to settle customer fraud case
Business
September 11, 2016
Wells Fargo will pay $190 million to settle customer fraud case
Wells Fargo has long been the envy of the banking industry for its ability to sell multiple products to the…
Egypt’s EFG-Hermes losses deepen to 67.55 mln Egyptian pounds in second quarter
Business
August 11, 2016
Egypt’s EFG-Hermes losses deepen to 67.55 mln Egyptian pounds in second quarter
Egypt's EFG-Hermes, the country's largest investment bank, said on Thursday it made a net loss of LE67.55 million ($7.61 million)…
Bomb blast in central Beirut aimed at bank: minister
Middle East
June 13, 2016
Bomb blast in central Beirut aimed at bank: minister
A bomb exploded outside the headquarters of Lebanese Blom Bank in central Beirut on Sunday, causing damage but no fatalities,…
As Egypt’s economy suffers, Gulf money moves into banking sector
Business
January 26, 2013
As Egypt’s economy suffers, Gulf money moves into banking sector
As Egypt's banking sector struggles under the weight of a credit crunch, Arab banks are seeing the crisis as an…
Dubai’s largest bank to purchase BNP Paribas Egyptian arm
Business
December 20, 2012
Dubai’s largest bank to purchase BNP Paribas Egyptian arm
Dubai lender Emirates NBD, the largest bank in Dubai, agreed to purchase the Egyptian arm of French bank BNP Paribas…
Making financial literacy fun, in a largely unbanked Egypt
Business
November 16, 2012
Making financial literacy fun, in a largely unbanked Egypt
The comic book begins much as would be expected: Marvel comics’ the Avengers and Spiderman assemble to battle a villain…
National Bank of Egypt ranks 8th largest Arab bank, 237th worldwide
Business
November 2, 2010
National Bank of Egypt ranks 8th largest Arab bank, 237th worldwide
The National Bank of Egypt (NBE) was ranked eighth on the Union of Arab Banks' 2009 report on the top-100…