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

Banque Misr, ADCB arrange EGP 1.3bn syndicated loan for Palm Hills’ Casa Cook hotel project

A banking consortium led by Banque Misr, in cooperation with Abu Dhabi…

Hossam Mounir

IDB participates in two Sukuk issuances worth EGP 500m

The Industrial Development Bank (IDB) has taken part in two significant Sukuk…

Daily News Egypt

United Bank reports over EGP 1bn in profits for Q1 2025

United Bank has reported standalone pre-tax profits of EGP 1.013bn for the…

Hossam Mounir

CIB partners with Lantern Ventures to boost SME growth

The Commercial International Bank (CIB) has entered into a strategic partnership with…

Hossam Mounir

CBE cuts rates by 1% as inflation pressures ease, growth rebounds

The Central Bank of Egypt (CBE)’s Monetary Policy Committee (MPC) decided last…

Hossam Mounir

CBE to decide interest rate path Thursday amid divided analyst views

The Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) will hold…

Hossam Mounir

CARITech, Finastra partner to drive core banking transformation in MENA

CARITech, a leading digital transformation consultancy specializing in core banking modernization, has…

Daily News Egypt

Egypt’s balanced monetary policy, flexible exchange rate boost resilience: IMF’s Clarke

Nigel Clarke, Deputy Managing Director of the International Monetary Fund (IMF), stated…

Daily News Egypt

CBE Governor meets IMF official to review progress on Egypt’s economic reforms

Hassan Abdallah, Governor of the Central Bank of Egypt (CBE), met with…

Daily News Egypt

Opinion | Disinflation still faces headwinds, but price growth stabilising and high real rates leave CBE room to cut next week

Headline inflation stood at 13.9% y-o-y in April, broadly unchanged from March.…

Simon Williams