Bank News
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Mashreq Bank expands in Egyptian retail banking market
New initiatives to be launched this coming year to enhance services.
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CIB Starts Due Diligence on Citigroup’s Egypt Retail Business
Citigroup is exiting its consumer banking business in 11 countries to focus on markets with great scale and growth potential.
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Barclays African Unit May Buy Parent’s Zimbabwe, Egypt Banks
Barclays bought its parent company operations in 8 African countries.
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Egypt ready for change in a cash economy
Cash still dominates the Egyptian consumer economy. It accounts for an estimated 94 per cent of financial transactions in the country.