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

CBE leaves key overnight rates on hold

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

Daily News Egypt

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…

Daily News Egypt

Egypt Pound Strengthens Slightly At Forex Auction

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

Daily News Egypt

Banks resume working amid unrest

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

Daily News Egypt

Banks close early amid unrest

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

Sara Aggour

Economy to improve: NBE Chairman

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

Daily News Egypt

Eid Al-Fitr causes boom of internal tourism

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

Hend El-Behary

NSGB workers threaten strike over ‘Qatar problem’

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

Daily News Egypt

Takaful summit promotes microtakaful in Egypt

Retakaful, a Sharia-compliant form of reinsurance, was also discussed

Daily News Egypt

The 7th International Takaful Summit in Egypt

Egypt hosting the summit reflects confidence in the country’s economic future, said…

Daily News Egypt