banks
Arab Banks worried about IS money infiltration
Egypt
September 19, 2015
Arab Banks worried about IS money infiltration
Wissam Fattouh, secretary General of the Union of Arab Banks, said at a press conference in Sharm el-Sheikh on Friday…
Newspaper: Banks assisting Ahmed Ezz’s indebted companies
Business
May 31, 2015
Newspaper: Banks assisting Ahmed Ezz’s indebted companies
Banks are actively assisting steel tycoon Ahmed Ezz to pull his companies out of debts with loans and other facilitations,…
Banking official: Exports of foreign cash reach US$3 billion monthly
Business
April 5, 2015
Banking official: Exports of foreign cash reach US$3 billion monthly
Chairman of the Commercial International Bank Hesham Ezz al-Arab said the export of foreign currency bills have reached US$three billion…
Banks move toward legislation changes designed to boost investment
Business
March 13, 2015
Banks move toward legislation changes designed to boost investment
Banks in Egypt are in the process of formulating their views regarding the amendments needed for the Law 88\2003, senior…
Moody’s changes outlook from ‘negative’ to ‘stable’ on deposit ratings of five Egyptian banks
Business
October 22, 2014
Moody’s changes outlook from ‘negative’ to ‘stable’ on deposit ratings of five Egyptian banks
Moody’s Investors Service on Wednesday changed the outlook on the long term local currency deposit ratings of five Egyptian banks from negative to…
IMF: Only 5% of Egypt’s firms use banks to finance investment
Business
October 9, 2014
IMF: Only 5% of Egypt’s firms use banks to finance investment
The International Monetary Fund (IMF) said that only 5 percent of Egypt's firms use banks to finance investment, by far…
Banks in Ramadan open 9:30am to 1:30pm
Egypt
June 25, 2014
Banks in Ramadan open 9:30am to 1:30pm
The Central Bank said the official working hours for bank staff in Ramadan are from 9:00am to 3:00pm and for…
Egyptian banks refuse transfers from Libya and Syria
Business
April 9, 2014
Egyptian banks refuse transfers from Libya and Syria
Egyptian banks are refusing to accept transfers or recognize invoices from clients of Egyptian exporters in Sudan, Libya and Syria. The…
Moody’s says Egypt’s banking system outlook remains negative
Business
February 25, 2014
Moody’s says Egypt’s banking system outlook remains negative
The outlook for Egypt's banking system is negative, unchanged since 2011, says Moody's Investors Service in a report published today. Moody's…
Experts praise CBE exceptional US$1.5 billion tender
Business
January 27, 2014
Experts praise CBE exceptional US$1.5 billion tender
Central Bank of Egypt (CBE) offered on Monday an exceptional tender to sell US$1.5 billion to banks in order to…