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

Egypt’s foreign trade reaches $47.8bn in second half of 2018: CBE

Fourteen countries account for 60.62% of Egypt’s foreign trade volume, led by…

Hossam Mounir

Banking law amendments for capital requirements could trigger profit retention, M&As: Pharos

Pharos believes that the capital increase could trigger a wave of porfit…

Daily News Egypt

Microfinance portfolio in banks reaches EGP 6.94bn in Q1 of 2019

NGOs rank first in terms of number of beneficiaries

Hossam Mounir

Banking draft law will not impose term limits on state-owned banks’ board members: source

The source explained, in a statement to the Middle East News Agency,…

Daily News Egypt

Pundits expect CBE to hold interest rates unchanged on Thursday

April's inflation slowdown is temporary, may pick up again by end-May: analysts,…

Hossam Mounir

Egypt’s domestic debt exceeds EGP 4tn in December 2018: CBE

The CBE said in its monthly report on Tuesday that the domestic…

Hossam Mounir

It is now time for everyone to invest in Africa as main driver of global growth: Ezz Al-Arab

CIB chairperson stresses need to develop systematic frameworks to increase investment in…

Hossam Mounir

Interest rate likely to be fixed during CBE’s Thursday meeting: HC Securities

Company expects CBE to continue trend toward reducing interest rate by end…

Hossam Mounir

Meeza card, instalment services, currency rates within features of 3rd “Sally” update

Application provides full details of 161 kinds of cards issued by 33…

Hossam Mounir