Latest Banking News
CBE devalues EGP amid concerns over inflation and budget deficit increase
The decision is expected to have far-reaching repercussions on the deficit and…
Pound devaluation shakes market
EGX-30 jumps by 6.7%, amid renewed hopes for FDIs and major concerns…
US dollar declines to EGP 9 in informal market
Banks await fresh dollar liquidity to be injected through exceptional CBE auction
Hacker’s spelling slip foils billion-dollar bank heist
Last month, hackers plundered the accounts of Bangladesh's central bank, making off…
Foreign deposits, withdrawals balance out at banks on Wednesday, Thursday
Approximately $8m exited one of the largest banks following CBE decision to…
Arab-American banking dialogue to discuss international cooperation, combating terrorism financing
Union of Arab Banks to issue largest database on financial and banking…
Exchange firm officials prepare for expanded meeting with CBE
El-Abyad denies any agreement between CBE and exchange firms on a specific…
‘Belady’ euro certificates offered to Egyptians in Europe
These certificates are similar to the ‘Belady’ dollar certificates that the three…
Banque Misr obtains $100m loan from China Development Bank
The value of the loan has already entered the bank’s treasury