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

International conference on private sector to kick off in July

The conference will go by the name ‘What’s Holding Back the Private…

Shaimaa Al-Aees Shaimaa Al-Aees

CBE launches new website

The new website is the first electronic index for supervisory instructions, says…

Hossam Mounir Hossam Mounir

Egypt ranks first among Arab states in receiving remittances: UAB

Egypt received $19.7bn in remittances from its citizens working abroad in 2015,…

Hossam Mounir Hossam Mounir

Bond yields for 5-year term jump by 0.82%

Ministry of Finance cancels 10-year term bonds initially planned to be issued…

Hossam Mounir Hossam Mounir

Value of naira plummets after Nigeria ends dollar peg

In response to continued low oil prices, the Nigerian Central Bank floated…

Deutsche Welle Deutsche Welle

Banque Misr raises interest rate by 1% on deposits, 0.75% on savings accounts

The interest rates increase on the higher deposits, depending on the segments…

Hossam Mounir Hossam Mounir

Why India’s central banker is a matter of hot political debate

Raghuram Rajan, the acclaimed governor of the Reserve Bank of India, has…

Deutsche Welle Deutsche Welle

NBE raises interest rate by 1% on savings accounts, 0.75% on deposits

Banque Misr may approve a limited increase of the interest rate on…

Hossam Mounir Hossam Mounir

Cartel Capital promotes creation of electronic banking services platform in Middle East

Cartel Capital in the Middle East and North Africa will begin a…

Mohamed Ahmed Mohamed Ahmed