CIB

US Dollar in Egypt maintains stable exchange rate on Tuesday
Business

US Dollar in Egypt maintains stable exchange rate on Tuesday

On Tuesday, the US dollar prices stabilized remarkably against the Egyptian pound, in the Banque Misr, the National Bank of…
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…
US dollar price in Egypt continues decline
Business

US dollar price in Egypt continues decline

On Monday, the US dollar saw a two-piaster decline in Egypt’s banks. In the National Bank of Egypt, it recorded…
IFC, MEG sign landmark US$100 mn agreement to foster Egypt’s economy
Egypt

IFC, MEG sign landmark US$100 mn agreement to foster Egypt’s economy

The International Finance Coordination (IFC), a member of the World Bank, provided up to $100 million in financing to the…
2019-2020 CIB PSA Women’s World Championship will be set in front of The Great Pyramid of Giza
Egypt

2019-2020 CIB PSA Women’s World Championship will be set in front of The Great Pyramid of Giza

The 2019-2020 CIB PSA Women’s World Championship will take place in view of the Great Pyramid of Giza, the only remaining ancient wonder…
Egyptian pound remains stable against US dollar Sunday
Egypt

Egyptian pound remains stable against US dollar Sunday

The US dollar maintained its price against the Egyptian pound at an average of LE 17.56 during bank dealings on…
US dollar exchange rates stable on Thursday
Economy

US dollar exchange rates stable on Thursday

US dollar exchange rates were stable throughout Thursday morning trading. In the National Bank of Egypt (NBE), the US dollar…
US dollar prices witness slight changes Wednesday
Business

US dollar prices witness slight changes Wednesday

The US dollar exchange rate witnessed slight changes during morning trading on Wednesday, after witnessing a rise during last week’s…
Egypt’s CIB to boost Tier 2 debt as it looks to African growth
Economy

Egypt’s CIB to boost Tier 2 debt as it looks to African growth

Egypt’s Commercial International Bank (CIB) plans to boost Tier 2 capital through dollar-denominated subordinated loans as it seeks to diversify…
As FX shortage bites, Egypt’s CIB limits use of bank cards abroad
Egypt

As FX shortage bites, Egypt’s CIB limits use of bank cards abroad

Egypt's largest listed bank, Commercial International Bank (CIB), told customers on Wednesday it was reducing the amount of foreign currency…
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