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

AFDB approves $50m CIB risk participation agreement

Agreement aids in addressing critical market demand for trade finance in Africa,…

Sara Aggour Sara Aggour

World Bank watches unfolding of political situation with great concern: Bank president

World Bank has helped finance several projects in various sectors during the…

Sara Aggour Sara Aggour

CBE leaves key overnight rates on hold

Reuters - Egypt's central bank kept its official interest rates on hold as expected…

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Qatar’s Masraf Al Rayan buys Islamic Bank of Britain

Reuters - Masraf Al Rayan, Qatar's largest sharia-compliant bank by market value, said on…

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Egypt Pound Strengthens Slightly At Forex Auction

The central bank sold $38.4 million to banks at the auction, with…

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Banks resume working amid unrest

Banks returned to working normally starting Sunday for only three hours a…

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Banks close early amid unrest

The Central Bank of Egypt ordered banks to close their branches at…

Sara Aggour Sara Aggour

Economy to improve: NBE Chairman

The economy has the potential for growth in the coming months, says…

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Eid Al-Fitr causes boom of internal tourism

The rates of internal tourism were “good” before and during the month…

Hend El-Behary Hend El-Behary

NSGB workers threaten strike over ‘Qatar problem’

Employees have expressed disapproval over Qatar National Bank’s acquisition of 100% of…

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