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

Visa partners with Cairo ICT to showcase its financial inclusion efforts

Visa, a global payments technology company, announced its partnership with Cairo ICT,…

Hossam Mounir

Lawsuits against Arab Bank rejected before US courts

The second US Circuit Court of Appeals in New York rejected claims…

Hossam Mounir

Banks criticise CBE’s FX Auction regulations

The regulations were a new shock to banks that did not obtain…

Hossam Mounir

Banque Misr borrows $250m from foreign markets to boost foreign currency liquidity

The list of banks participating in this loan includes ABC-Bahrain, the National…

Hossam Mounir

Emirates NBD-Egypt launches new banking services package for major customers

Mother group aims at gaining the trust of Egyptian customers, say bank’s…

Hossam Mounir

Amer seeks banks’ support to overcome dollar shortages

Official letter calls for banks to maximise foreign exchange, working with foreign…

Hossam Mounir

AAIB launches Edu Invest programmes

Financing tuition fees ranges between EGP 15,000 and EGP 600,000 loan up…

Hossam Mounir

Banque Misr inaugurates new branch in Al-Ain

Chairman Eletreby and Vice Chairman Abu El Ezz inaugurate new branch in…

Daily News Egypt

Banks ordered to prioritise providing foreign exchange for vital exports

CBE demanded that local banks prioritise directing their foreign exchange liquidity to…

Hossam Mounir

Foreign exchange reserves stable in November

Foreign exchange reserves were stable in November at $16.4226bn, the Central Bank…

Hossam Mounir