Latest Banking News
I expect stability in the foreign exchange market by early 2017: prominent banker
No state in the world has entirely floated its currency without facing…
Market sees high sales volume of dollars, new saving certificates at banks in 2nd week since flotation
The amount of dollars Banque du Caire received in one day is…
Large portion of dollars in banks since Monday come from customers switching saving schemes to Egyptian pounds: prominent banker
High expectations that foreign currency deposits will decrease while Egyptian pound deposits…
US dollar exchange rate movement since flotation of the Egyptian pound until 13 November
Date Buy Sell 13/11/2016 15.5697 16.3122 10/11/2016 16.4224 17.0738 09/11/2016 17.0422…
US dollar price falls even further at CBE, banks while EGX profits EGP 9.3bn
The price of the US dollar dropped below EGP 16, with expectations…
Large number of Arab, foreign banks in Egypt reflects country’s regional and international position: experts
Arab and foreign banks are more likely to make high profits in…
15 Arab banks, 7 joint Egyptian-Arab banks operating in Egyptian market
NBAD is one of the first Arab banks to begin operating in…
What do leaders of Arab banks in Egypt say about the Egyptian market?
Reports by global institutions stress that Egypt has made noticeable progress over…
Heads of banks explain Arab, foreign banks’ attraction to Egyptian market
Egypt is a promising market and has very few bank accounts compared…
UBF to host 4th Middle East Banking Forum on Monday
The forum is held in cooperation with Financial Times Live, The Banker,…