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

NBE signs cooperation agreement with Ministry of Antiquities to develop archaeological sites

Areas to be developed include Pyramids of Giza, Temples of Phila, Abu…

Daily News Egypt

Strong expectations for new cut in pound interest on Thursday

MPC trimmed key interest rates by 2% since beginning of 2018 after…

Hossam Mounir

Local, foreign financial institutions offer to invest $1.28bn in T-bills

CBE accepts $1.1bn, with average interest of 3.29%

Hossam Mounir

Can fintech companies replace banks?

Cooperation between two financial services providers required for benefit of all, bankers…

Hossam Mounir

AAEC launches project to link North Africa to China’s Belt and Road

Plan aims to attract investments of $2-4tn to Egypt, North Africa, Al…

Hossam Mounir

FX reserves climbed to $44.029bn end-April 2018: CBE

Foreign exchange reserves at the Central Bank of Egypt continued to rise…

Hossam Mounir

ABE issued 139,000 Aman certificates worth EGP 163m: chairperson

We have other requests worth EGP 88m, sales mostly of EGP 500,…

Hossam Mounir

UAB calls upon banks, Arab financial institutions to exert greater efforts to spread fintech, curb risks

Union stressed on importance of creating regulatory system that ensures safety of…

Hossam Mounir