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

How can Al-Sisi fulfil his promise to solve the US dollar shortage in 170 days?

Stability of the foreign exchange market requires the government and the CBE…

Hossam Mounir

Foreign cash flow must be transferred to banking sector via EGX due to US dollar crisis

Recent amendments aim to keep up with the economic conditions and not…

Mohamed Ahmed

UAB reviews banking risks in de-Risking Forum 

The Union of Arab Banks (UAB) will hold a de-Risking Forum entitled…

Hossam Mounir

NBE gives SUMED $100m to finance project for the trading and storage of petroleum products

The loan will also finance the launch of a quay in Ain…

Daily News Egypt

Keeping things as they are is impossible: CBE governor

There is no intention to float the pound for now; Amer did…

Abdel Razek Al-Shuwekhi

Turkish central bank cuts rates after failed coup

Turkish stocks and the lira have remained under selling pressure after a…

Deutsche Welle

CBE stabilises Egyptian pound against the US dollar at EGP 8.78

The CBE sold roughly $118.6bn to the banks through its tender.

Hossam Mounir

Europeans shop for convenience as e-payments skyrocket

Europeans ‘touched to pay’ three billion times in the last 12 months,…

Nicholas Mehling

CBE denies any amendments to maximum foreign currency amount allowed to exit Egypt

The recent regulations did not include the foreign exchange, the CBE said…

Hossam Mounir