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

8 Egyptian banks among top 100 Arab Banks: UAB

Egypt occupies fifth place according to the number of banks on the…

Hossam Mounir

United Bank increases number of branches in Egypt to 51

The bank aims to be present in important economic and social areas,…

Daily News Egypt

Banque du Caire to open 18 new branches in 2017: chairperson 

The bank's expansion plan comes in the framework of the implementation of…

Hossam Mounir

Uncertainty clouds future of interest rate on Egyptian pound

The Monetary Policy Committee will hold its last meeting in 2016 on…

Hossam Mounir

CBE’s new mobile banking regulation will create new business opportunities for Egyptian banks: Moody’s

There are significant growth opportunities for mobile banking in Egypt

Mohamed Samir

US dollar prices at banks vary considerably on Wednesday, official price drops by EGP 0.06

The dollar value is expected to drop as companies finalise their budgets

Hossam Mounir

Banks finance foreign trade operations worth $7.9bn since flotation until 14 December: CBE

This sum includes the repayment of letters of credit and documents of…

Hossam Mounir

World Bank approves second tranche as Egyptian pound falls, US dollar nears EGP 20

EGX hits record high on expense of the Egyptian pound

Hossam Mounir

US dollar surpasses EGP 19 at CBE to hit highest rates since flotation

The US dollar price at the Central Bank of Egypt (CBE) and…

Hossam Mounir

Housing and Development Bank-Egypt goes live on Temenos Core banking system

Temenos, the software specialist for banking and finance, announced on Sunday that…

Daily News Egypt