CIB

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…
Egypt central bank scraps CEO term limits plan after court ruling
Business

Egypt central bank scraps CEO term limits plan after court ruling

Egypt's central bank will not implement a nine-year term limit on bank CEOs that had angered major banks, central bank…
Egypt’s CIB approves extension for Beltone Financial’s offer for CI Capital
Business

Egypt’s CIB approves extension for Beltone Financial’s offer for CI Capital

Egypt's Commercial International Bank (CIB) approved a two-week extension for an offer by Beltone Financial to acquire its subsidiary CI…
Egyptian court ruling allows CI Capital deal with Beltone
Business

Egyptian court ruling allows CI Capital deal with Beltone

A Cairo Court ruled in favour of Commercial International Bank (CIB) on Wednesday, pushing through the sale of shares in…
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