Banking

The latest banking stories from Egypt and across the globe, by the Daily News Egypt banking team, including global insight and commentary on the top issues concerning this sector.
Latest Banking News

CBE’s Governor Hassan Abdalla Highlights Successes, Challenges in Egypt’s Path to Financial Inclusion

The UNCDF-based “Better Than Cash Alliance” Interviews the Governor of the Central…

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CIB Egypt partners with Chemical and Fertilisers Export Council to boost exports

Commercial International Bank - Egypt (CIB) has signed a cooperation agreement with…

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ADCB Egypt partners with PaySupp to offer supply chain financing solutions

Abu Dhabi Commercial Bank – Egypt (ADCB Egypt) has partnered with financial…

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Saib net profits rise 163% to EGP 1.4bn in 1H 2024

Saib, a leading bank operating in Egypt, has reported a significant increase…

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Egypt’s external debt declines to $160.6bn in Q1 2024

Egypt's external debt registered $160.6bn at the end of March 2024, a…

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CIB exits investment in Egypt Otsuka Pharmaceuticals, selling stake to Otsuka Group

Commercial International Bank-Egypt (CIB), Egypt’s leading private-sector bank, has announced the successful…

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FABMISR profits surge 139% to EGP 15.8bn in H1 2024

First Abu Dhabi Bank Misr (FABMISR) has announced strong financial results for…

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CBE hosts training programme on big data, AI for COMESA central banks

The Central Bank of Egypt (CBE) is hosting a training programme on…

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Favourable base effects, declining food prices drive down Egypt’s inflation: CBE

Egypt's annual urban headline inflation rate declined for the fifth consecutive month…

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President extends term of Central Bank of Egypt Governor for another year

President Abdel Fattah Al-Sisi has extended the term of Hassan Abdalla as…

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