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 to hold first policy meeting of 2025 amid diverging interest rate forecasts

The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE)…

Hossam Mounir

Egypt’s foreign exchange earnings surge to $159.6bn in 2023/2024

Egypt's foreign exchange earnings reached $159.6bn in the 2023/2024 fiscal year, marking…

Daily News Egypt

Urban inflation hits two-year low at 24% in January: CBE

Egypt’s annual urban headline inflation remained stable at 24% in January 2025,…

Hossam Mounir

Egypt’s net foreign asset surplus reaches $11.99bn in January 2025

The Central Bank of Egypt (CBE) recorded a net foreign asset (NFA)…

Hossam Mounir

ADIB-Egypt’s strategy, future vision to strengthen its market position are on right track: CEO

Abu Dhabi Islamic Bank - Egypt (ADIB-Egypt) is progressing as planned with…

Hossam Mounir

Sustainability, Green Finance Among Key Strategic Pillars of Abu Dhabi Commercial Bank – Egypt: CEO

Ihab ElSewerky, CEO and Managing Director of Abu Dhabi Commercial Bank Egypt…

Hossam Mounir

Regulated companies, institutions inject EGP 75.436bn into 3.726 million MSMEs by end of November 2024

Regulated companies and institutions in Egypt provided EGP 75.436bn in financing to…

Hossam Mounir

We gear up for digital banking expansion: saib CEO

Afdal Naguib, CEO and Managing Director of Bank saib, has said that…

Hossam Mounir

CEO: HDB Unveils 2025-2030 Strategy for Innovation Leadership and Sustainable Growth

Housing and Development Bank (HDB) has undergone a significant transformation, establishing itself…

Hossam Mounir