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

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

Daily News Egypt

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…

Hossam Mounir

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…

Hossam Mounir

Banque du Caire introduces exclusive ‘Tharwa ELECT’ tier for high-net-worth clients

As part of a comprehensive strategy and ambitious plan to expand its…

Daily News Egypt

Suez Canal Bank achieves remarkable 188% profit growth, reaching EGP 1.8bn in June 2024

Akef El-Maghraby, CEO and Managing Director of Suez Canal Bank, announced impressive…

Daily News Egypt

HDB achieves record net profit of EGP 5.158bn in mid-2024

The Housing and Development Bank (HDB) has reported outstanding financial performance for…

Hossam Mounir

CBE directs banks to facilitate account opening for non-resident foreigners

The Central Bank of Egypt (CBE) has instructed banks to facilitate the…

Daily News Egypt

Afreximbank to double intra-African trade financing to $40bn by 2026

The African Export-Import Bank (Afreximbank) plans to double its financing of intra-African…

Daily News Egypt

CIB, ADIB Egypt promote financial inclusion with youth-focused services

The Commercial International Bank (CIB) and Abu Dhabi Islamic Bank (ADIB) Egypt…

Daily News Egypt

Suez Canal Bank appoints Bahaa Farouk as head of digital transformation

Suez Canal Bank has announced the appointment of Bahaa Farouk as the…

Hossam Mounir