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

Annual urban inflation increased to 13.1% in April, highest rate since May 2019

The increase in urban inflation is attributed to strong monthly dynamics in…

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CBE replaces state employees’ payroll slips with Meeza cards

The project helps expand the use of digital banking services and supports…

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ABE keen on supporting state’s efforts to develop Upper Egyptian governorates: Chairperson

EGP 233m allocated to finance agricultural associations in Aswan

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HDB launches new package of services to support digital banking strategy: Ghanem

The bank achieved a breakthrough in the field of digital transformation, launches…

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Banking alliance led by NBE grants EGP 12.5bn to Canal Sugar Company

Al-Ahly Capital contributed with a direct investment of EGP 1.62bn, provided foreign…

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USD loses more than 11 piasters, records EGP 18.3289 for purchase and EGP 18.4183 for sale

Wednesday saw a collective decline in the prices of major currencies against…

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US dollar continues trading at EGP 18.44 for purchase, EGP 18.52 for sale on Sunday

Official price of American currency at CBE records EGP 18.43 for purchase,…

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Egypt expected to raise interest rates after US Fed decision

CBE awaits inflation data to determine extent of increase

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‘Khazna’ obtains CBE’s approval to launch prepaid card in partnership with ADIB

Khazna card allows money withdrawal and deposit, online payment, and payroll.

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